N.C. Gen. Stat. § 33A-16
Exemption of third person from liability
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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:
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;
(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;
(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
(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.
(4) The propriety of the application of any property of the minor delivered to the purported custodian.
History
(1987, c. 563, s. 2.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.