33A-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. (1987, c. 563, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 33A - North Carolina Uniform Transfers to Minors Act
§ 33A-2 - Scope and jurisdiction.
§ 33A-3 - Nomination of custodian.
§ 33A-4 - Transfer by gift or exercise of power of appointment.
§ 33A-5 - Transfer authorized by will or trust.
§ 33A-6 - Other transfer by fiduciary.
§ 33A-7 - Transfer by obligor.
§ 33A-8 - Receipt for custodial property.
§ 33A-10 - Single custodianship.
§ 33A-11 - Validity and effect of transfer.
§ 33A-12 - Care of custodial property.
§ 33A-13 - Powers of custodian.
§ 33A-14 - Use of custodial property.
§ 33A-15 - Custodian's expenses, compensation, and bond.
§ 33A-16 - Exemption of third person from liability.
§ 33A-17 - Liability to third persons.
§ 33A-19 - Accounting by and determination of liability of custodian.
§ 33A-20 - Termination of custodianship.
§ 33A-22 - Effect on existing custodianships.