55-10A-18 Exemption of third person from liability.
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:
The validity of the purported custodian's designation;
The propriety of, or the authority under this chapter for, any act of the purported
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
The propriety of the application of any property of the minor delivered to the purported
SL 1986, ch 409, § 18.