Maine Revised Statutes
Chapter 32: MAINE UNIFORM TRANSFERS TO MINORS ACT
33 §1667. Exemption of 3rd person from liability

§1667. Exemption of 3rd person from liability
A 3rd 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:   [PL 1987, c. 734, §2 (NEW).]
1.  Designation.  The validity of the purported custodian's designation;  
[PL 1987, c. 734, §2 (NEW).]
2.  Authority to act.  The propriety of, or the authority under this Act for, any act of the purported custodian;  
[PL 1987, c. 734, §2 (NEW).]
3.  Validity of instruments.  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  
[PL 1987, c. 734, §2 (NEW).]
4.  Application of property.  The propriety of the application of any property of the minor delivered to the purported custodian.  
[PL 1987, c. 734, §2 (NEW).]
SECTION HISTORY
PL 1987, c. 734, §2 (NEW).

Structure Maine Revised Statutes