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2018 Idaho Statutes
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 8 - TRANSFERS TO MINORS
Section 68-816 - EXEMPTION OF THIRD PERSON FROM LIABILITY.
Universal Citation: ID Code § 68-816 (2018)
68-816. EXEMPTION OF THIRD PERSON FROM LIABILITY. 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.
History:
[68-816, added 1984, ch. 152, sec. 2, p. 364.]
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