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     55-10A-18.   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 a transfer or by the purported custodian; or
             (4)      The propriety of the application of any property of the minor delivered to the purported custodian.

Source: SL 1986, ch 409, ยง 18.


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