75A-8-117. 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 chapter for, any act of the purported custodian; (3)the validity or propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make transfer or by the purported custodian; or (4)the propriety of the application of any property of the minor delivered to the purported custodian. Renumbered and Amended by Chapter 364, 2024 General Session
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