38-1717. 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 act for, any act of the purported custodian;
(3) the validity or propriety under this act 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: L. 1985, ch. 143, ยง 16; July 1.
Structure Kansas Statutes
Article 17 - Uniform Transfers To Minors Act
38-1703 Scope and jurisdiction.
38-1704 Nomination of custodian.
38-1705 Transfer by gift or exercise of power of appointment.
38-1706 Transfer authorized by will or trust.
38-1707 Other transfer by fiduciary.
38-1709 Receipt for custodial property.
38-1712 Validity and effect of transfer.
38-1713 Care of custodial property.
38-1715 Use of custodial property.
38-1716 Custodian's expenses, compensation and bond.
38-1717 Exemption of third person from liability.
38-1718 Liability to third persons.
38-1720 Accounting by and determination of liability of custodian.
38-1721 Termination of custodianship.
38-1723 Effect on existing custodianships.