§ 34-13-129 — Exemption of third persons from liability

(a) 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 under this act or purporting to
act in the capacity of a custodian and, in the absence of actual
knowledge, is not responsible for determining:
(i) The validity of the purported custodian's
designation;
(ii) The regularity of, or the authority under this
act for, any act of the purported custodian;
(iii) The validity or propriety under this act of any
instrument or instructions executed or given either by the
person purporting to make a transfer under this act or by the
purported custodian; or
(iv) The propriety of the application of any property
of the minor delivered to the purported custodian.