North Dakota § 47-24.1-16 Exemption of third person from liability

North Dakota Statutes

§ 47-24.1-16 — Exemption of third person from liability

North Dakota § 47-24.1-16

Title 47Property

Ch. 47-24.1Uniform Transfers to Minors Act

This text of North Dakota § 47-24.1-16 (Exemption of third person from liability) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-24.1-16 (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 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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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.