§ 91-20-33. Good faith reliance on capacity of purported custodian.
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.
Sources: Laws, 1994, ch. 416, § 17, eff from and after January 1, 1995.
§ 91-20-33. Good faith reliance on capacity of purported custodian.
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.
Sources: Laws, 1994, ch. 416, § 17, eff from and after January 1, 1995.
§ 91-20-33. Good faith reliance on capacity of purported custodian.
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.
Sources: Laws, 1994, ch. 416, § 17, eff from and after January 1, 1995.
