2022 Code of Alabama
Title 35 - Property.
Chapter 5A - Uniform Transfers to Minors Act.
Section 35-5A-17 - Exemption of Third Person From Liability for Good Faith Dealings With Custodian.
Section 35-5A-17
Exemption of third person from liability for good faith dealings 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 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.
(Acts 1986, No. 86-453, p. 819, §16.)
