38-1717. Exemption of third person from liability. - Kansas Statutes

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.