167.070 - Exemption of third persons from liability. - Nevada Statutes

167.070  Exemption of third persons from liability.  A third person acting 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, without knowledge, is not responsible for determining:

      1.  Whether the person designated as custodian or purporting to act as a custodian has been duly designated;

      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 by a 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.

      (Added to NRS by 1957, 24; A 1965, 1017; 1967, 375; 1985, 77)