SECTION 710.118. Exemption of third person from liability.

Latest version.

1A 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:
49(1) 50The validity of the purported custodian’s designation;
57(2) 58The propriety of, or the authority under this act for, any act of the purported custodian;
74(3) 75The validity or propriety under this act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
105(4) 106The propriety of the application of any property of the minor delivered to the purported custodian.

History.-s. 1, ch. 85-95.

Bills Cite this Section:

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Cited by Court Cases:

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