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District of Columbia Code Division III. Decedents' Estates and Fiduciary Relations. § 21-316. Exemption of third person from liability.

Current as of January 01, 2020 | Updated by FindLaw Staff

A third person, in good faith and without a 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 of the third person, shall not be responsible for determining the following:

(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.

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Cite this article: FindLaw.com - District of Columbia Code Division III. Decedents' Estates and Fiduciary Relations. § 21-316. Exemption of third person from liability. - last updated January 01, 2020 | https://codes.findlaw.com/dc/division-iii-decedents-estates-and-fiduciary-relations/dc-code-sect-21-316.html

Read this complete District of Columbia Code Division III. Decedents' Estates and Fiduciary Relations. § 21-316. Exemption of third person from liability. on Westlaw

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