Rhode Island § 18-7-17 § 18-7-17. Exemption of third person from liability.

Rhode Island Statutes

§ 18-7-17 — § 18-7-17. Exemption of third person from liability.

Rhode Island·Title 18 Fiduciaries·Ch. 18-7 Uniform Transfers to Minors Act

§ 18-7-17. 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, an act of the purported
            custodian;
         
(3) The validity or propriety under this chapter of an

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§ 18-7-17. 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, an 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.

Rhode Island § 18-7-17 (§ 18-7-17. Exemption of third person from liability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.