2005 Idaho Code - 68-1311 — EXEMPTION OF THIRD PERSON FROM LIABILITY

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 13
                      IDAHO UNIFORM CUSTODIAL TRUST ACT
    68-1311.  EXEMPTION OF THIRD PERSON FROM LIABILITY. A third person in good
faith and without a court order may act on instructions of, or otherwise deal
with, a person purporting to make a transfer as, or purporting to act in the
capacity of, a custodial trustee. In the absence of knowledge to the contrary,
the third person is not responsible for determining:
    (1)  The validity of the purported custodial trustee's designation;
    (2)  The propriety of, or the authority under this chapter for, any action
of the purported custodial trustee;
    (3)  The validity or propriety of an instrument executed or instruction
given pursuant to this chapter either by the person purporting to make a
transfer or declaration or by the purported custodial trustee; or
    (4)  The propriety of the application of property vested in the purported
custodial trustee.