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 subtitle for, any act of the purported custodian;
(3) The validity or propriety under this subtitle 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.
Structure Maryland Statutes
Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults
Subtitle 3 - Maryland Uniform Transfers to Minors Act
Section 13-301 - Estates and Trusts
Section 13-302 - Law Governing
Section 13-303 - Contingent Transfers
Section 13-304 - Irrevocable Transfer to Custodian by Individual
Section 13-305 - Irrevocable Transfer by Personal Representative or Trustee
Section 13-307 - Irrevocable Transfer by Other Persons Holding Property or Owing Debt to Minor
Section 13-308 - Receipt and Discharge
Section 13-309 - Creation of Custodial Property; When Transfer Made
Section 13-310 - Nature of Custodianship
Section 13-311 - Effect of Transfer
Section 13-312 - Duties and Powers of Custodian
Section 13-313 - Rights of Custodian; Liability
Section 13-314 - Delivery or Payment to Minor or for Minor's Use and Benefit
Section 13-315 - Compensation of Custodian; Bond
Section 13-316 - Liability of Third Persons Dealing With Custodian
Section 13-317 - Claims Against Custodial Property
Section 13-320 - Transfer of Property to Minor
Section 13-321 - Applicability of Subtitle
Section 13-322 - Validation of Prior Transfers