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Texas Property Code - PROP § 141.017. Exemption of Third Person from Liability

Current as of January 01, 2024 | Updated by Findlaw Staff

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 act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining the:

(1) validity of the purported custodian's designation;

(2) propriety of, or the authority under this chapter for, any act of the purported custodian;

(3) validity or propriety under this chapter of any instrument or instructions executed or given by the person purporting to make a transfer or by the purported custodian; or

(4) propriety of the application of the minor's property delivered to the purported custodian.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 141.017. Exemption of Third Person from Liability - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-141-017/

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