Connecticut General Statutes
Chapter 802d - Connecticut Uniform Transfers to Minors Act
Section 45a-559a. - Exemption of third party 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 sections 45a-557 to 45a-560b, inclusive, for, any act of the purported custodian; (3) the validity or propriety under sections 45a-557 to 45a-560b, inclusive, 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.

(P.A. 95-117, S. 17.)

Structure Connecticut General Statutes

Connecticut General Statutes

Title 45a - Probate Courts and Procedure

Chapter 802d - Connecticut Uniform Transfers to Minors Act

Section 45a-546 to 45a-556. (Formerly Secs. 45-101 to 45-109b). - Definitions. Methods of making gifts. Gift, devise or bequest to be irrevocable. Rights and powers granted custodian, issuers, transfer agents, brokers. Powers and duties of custodian....

Section 45a-557. - Short title: Connecticut Uniform Transfers to Minors Act.

Section 45a-557a. - Definitions.

Section 45a-557b. - Scope and jurisdiction.

Section 45a-558. - Nomination of custodian.

Section 45a-558a. - Transfer by gift or exercise of power.

Section 45a-558b. - Transfer authorized by will or trust.

Section 45a-558c. - Other transfer by fiduciary.

Section 45a-558d. - Transfer by obligor.

Section 45a-558e. - Receipt for custodial property.

Section 45a-558f. - Creation and transfer of custodial property. Designation of initial custodian. Control.

Section 45a-558g. - Single guardianship.

Section 45a-558h. - Validity and effect of transfer.

Section 45a-558i. - Care and control of custodial property.

Section 45a-558j. - Powers of custodian.

Section 45a-558k. - Use of custodial property. Distribution to a trust.

Section 45a-559. - Custodian's expenses, compensation and bond.

Section 45a-559a. - Exemption of third party from liability.

Section 45a-559b. - Liability to third persons.

Section 45a-559c. - Renunciation, resignation, death or removal of custodian. Designation of successor custodian.

Section 45a-559d. - Accounting by and determination of liability of custodian.

Section 45a-559e. - Termination of custodianship.

Section 45a-560. - Applicability.

Section 45a-560a. - Effect on existing custodianships.

Section 45a-560b. - Uniformity of application and construction.