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38-1717

Chapter 38.--MINORS Article 17.--UNIFORM TRANSFERS TO MINORS ACT

38-1717. Exemption of third person from liability.A third person ingood faith and without court order may act on the instructions of orotherwise deal with any person purporting to make a transfer or purportingto act in the capacity of a custodian and, in the absence of knowledge, isnot 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 ofthe purported custodian;

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

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

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

State Codes and Statutes

Statutes > Kansas > Chapter38 > Article17 > Statutes_16137

38-1717

Chapter 38.--MINORS Article 17.--UNIFORM TRANSFERS TO MINORS ACT

38-1717. Exemption of third person from liability.A third person ingood faith and without court order may act on the instructions of orotherwise deal with any person purporting to make a transfer or purportingto act in the capacity of a custodian and, in the absence of knowledge, isnot 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 ofthe purported custodian;

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

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

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

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State Codes and Statutes

Statutes > Kansas > Chapter38 > Article17 > Statutes_16137

38-1717

Chapter 38.--MINORS Article 17.--UNIFORM TRANSFERS TO MINORS ACT

38-1717. Exemption of third person from liability.A third person ingood faith and without court order may act on the instructions of orotherwise deal with any person purporting to make a transfer or purportingto act in the capacity of a custodian and, in the absence of knowledge, isnot 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 ofthe purported custodian;

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

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

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