State Codes and Statutes
Statutes > North-carolina > Chapter_33A > GS_33A-16§33A‑16. Exemption of third person from liability.
A third person in good faithand without court order may act on the instructions of or otherwise deal withany person purporting to make a transfer or purporting to act in the capacityof a custodian and, in the absence of knowledge, is not responsible fordetermining:
(1) The validity of thepurported custodian's designation;
(2) The propriety of, orthe authority under this Chapter for, any act of the purported custodian;
(3) The validity orpropriety under this Chapter of any instrument or instructions executed orgiven either by the person purporting to make a transfer or by the purportedcustodian; or
(4) The propriety of theapplication of any property of the minor delivered to the purported custodian. (1987,c. 563, s. 2.)
