New Jersey Revised Statutes § 46:38a-38 - Exemption Of Third Person From Liability

46:38A-38. Exemption of third person from liability
A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining:

a. The validity of the purported custodian's designation;

b. The propriety of, or the authority under this chapter for, any act of the purported custodian;

c. The validity or propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or

d. The propriety of the application of any property of the minor delivered to the purported custodian.

L. 1987, c. 18, s. 1.

Section: Previous  46-38a-31  46-38a-32  46-38a-33  46-38a-34  46-38a-35  46-38a-36  46-38a-37  46-38a-38  46-38a-39  46-38a-40  46-38a-41  46-38a-42  46-38a-43  46-38a-44  46-38a-45  Next

Last modified: October 11, 2016