Section 13-316 - Liability of third persons dealing with custodian. - Maryland Statutes

§ 13-316. Liability of third persons dealing with 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: 

(1) The validity of the purported custodian's designation; 

(2) The propriety of, or the authority under this subtitle for, any act of the purported custodian; 

(3) The validity or propriety under this subtitle 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. 
 

[1989, ch. 638.]