Find Bill
Find Your Legislator
Legislative Deadlines
May 26, 2020
RSS Feed Permanent URL -A +A

2012 Statute



Prev Article 17. - UNIFORM TRANSFERS TO MINORS ACTNext


38-1717.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:

(1) The validity of the purported custodian's designation;

(2) the propriety of, or the authority under this act for, any act of the purported custodian;

(3) the validity or propriety under this act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or

(4) the propriety of the application of any property of the minor delivered to the purported custodian.

History: L. 1985, ch. 143, § 16; July 1.



Prev Article 17. - UNIFORM TRANSFERS TO MINORS ACTNext
2020. Powered by KLISS. Rendered: 2020-05-26T02:36:58. Head Rev No: 345400