Vermont § 3226 Exemption of third person from liability

Vermont Statutes

§ 3226 — Exemption of third person from liability

Vermont·Title 14 Title 14: Decedents' Estates and Fiduciary Relations·Ch. 115 Chapter 115: Vermont Uniform Transfers to Minors Act

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.

Vermont § 3226 (Exemption of third person from liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.