Indiana Statutes
§ 30-2-8.5-31 — Exemption of third person from liability
Indiana § 30-2-8.5-31
This text of Indiana § 30-2-8.5-31 (Exemption of third person from liability) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 30-2-8.5-31 (2026).
Text
A person in good faith and without court order may act on the instructions of or otherwise deal with a 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, an act
of the purported custodian;
(3)the validity or propriety under this chapter of an instrument or
instruction executed or given by the person purporting to make a
transfer or by the purported custodian, or both; or
(4)the propriety of the application of property of the minor
delivered to the purported custodian.
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Legislative History
As added by P.L.267-1989, SEC.2.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-2-8.5-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-8.5-31.