There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 55-10A-18 — Exemption of third person from liability.
55-10A-18. 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.
Source: SL 1986, ch 409, § 18.
Source: SL 1986, ch 409, § 18.
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