Delaware § 4516 Exemption of third person from liability

Delaware Statutes

§ 4516 — Exemption of third person from liability

Delaware § 4516

Title12

PartFiduciary Relations

Ch. 45DELAWARE UNIFORM TRANSFERS TO MINORS ACT

This text of Delaware § 4516 (Exemption of third person from liability) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 12, § 4516 (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, 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 of 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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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 of 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.