Montana Statutes
§ 72-26-705 — Exemption Of Third Person From Liability
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 26 UNIFORM TRANSFERS TO MINORS ACT·Part 7 Administration by Custodian -- Liability
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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Legislative History
En. Sec. 18, Ch. 102, L. 1985.