Section 16. 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, shall not be 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.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 201a - Uniform Transfers to Minors Act
Section 2 - Scope and Jurisdiction
Section 3 - Nomination of Custodian
Section 4 - Transfer by Gift or Exercise of Power of Appointment
Section 5 - Transfer Authorized by Will or Trust
Section 6 - Other Transfer by Fiduciary
Section 7 - Transfer by Obligor
Section 8 - Receipt for Custodial Property
Section 10 - Single Custodianship
Section 11 - Validity and Effect of Transfer
Section 12 - Care of Custodial Property
Section 13 - Powers of Custodian
Section 14 - Use of Custodial Property
Section 15 - Custodian's Expenses, Compensation, and Bond
Section 16 - Exemption of Third Person From Liability
Section 17 - Liability to Third Persons
Section 19 - Accounting by and Determination of Liability of Custodian
Section 20 - Termination of Custodianship
Section 22 - Effect on Existing Custodianships