Pennsylvania § 5316 Exemption of third person from liability

Pennsylvania Statutes

§ 5316 — Exemption of third person from liability

Pennsylvania § 5316

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 53PENNSYLVANIA UNIFORM TRANSFERS TO

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Bluebook

20 Pa. Cons. Stat. § 5316 (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.