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2020 Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 45. Delaware Uniform Transfers to Minors Act
§ 4516 Exemption of third person from liability.
Universal Citation: 12 DE Code § 4516. (2020)
§ 4516. Exemption of third person from liability. 70 Del. Laws, c. 393, § 1;
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 of 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.
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