91-20-33 - Good faith reliance on capacity of purported custodian. - Mississippi Statutes

§ 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.