Montana § 72-26-705 Exemption Of Third Person From Liability

Montana Statutes

§ 72-26-705 — Exemption Of Third Person From Liability

Montana § 72-26-705

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 26UNIFORM TRANSFERS TO MINORS ACT

Part 7Administration by Custodian -- Liability

This text of Montana § 72-26-705 (Exemption Of Third Person From Liability) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-26-705 (2026).

Text

72-26-705 . Exemption of third person from liability. 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.

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72-26-705 . Exemption of third person from liability. 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.

Legislative History

En. Sec. 18, Ch. 102, L. 1985.

Nearby Sections

15

§ 72-26-101

Text

Legislative History

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