North Carolina General Statutes Chapter 33A. North Carolina Uniform Transfers to Minors Act § 33A-16. Exemption of third person from liability
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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.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 33A. North Carolina Uniform Transfers to Minors Act § 33A-16. Exemption of third person from liability - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-33a-north-carolina-uniform-transfers-to-minors-act/nc-gen-st-sect-33a-16.html
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