§553A-16 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. [L 1985, c 91, pt of §1]
Structure Hawaii Revised Statutes
Title 30. Guardians and Trustees
553A. Uniform Transfers to Minors Act
553A-2 Scope and jurisdiction.
553A-3 Nomination of custodian.
553A-4 Transfer by gift or exercise of power of appointment.
553A-5 Transfer authorized by will or trust.
553A-6 Other transfer by fiduciary.
553A-8 Receipt for custodial property.
553A-11 Validity and effect of transfer.
553A-12 Care of custodial property.
553A-14 Use of custodial property.
553A-15 Custodian's expenses, compensation, and bond.
553A-16 Exemption of third person from liability.
553A-17 Liability to third persons.
553A-19 Accounting by and determination of liability of custodian.
553A-20 Termination of custodianship.
553A-22 Effect on existing custodianships.