Arkansas § 9-26-216 Exemption of a third person from liability

Arkansas Statutes

§ 9-26-216 — Exemption of a third person from liability

Arkansas § 9-26-216

Title9

This text of Arkansas § 9-26-216 (Exemption of a third person from liability) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 9-26-216 (2026).

Text

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 subchapter for, any act of the purported custodian;

(3)the validity or propriety under this subchapter 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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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 subchapter for, any act of the purported custodian; (3) the validity or propriety under this subchapter 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.