Vt. Stat. Ann. tit. 14, § 3218
Receipt for custodial property
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian, pursuant to this chapter.
A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian, pursuant to this chapter.
Added 2015, No. 7, § 1.
OFFICIAL COMMENT
This section discharges transferors from further responsibility for custodial property delivered to and receipted for by the custodian. See also section 3226 of this chapter which protects transferors and other third parties dealing with custodians. Because a discharge or release for a donative transfer is not necessary, this section had no counterpart in the 1966 Act.
This section does not authorize an existing custodian, or a custodian to whom an obligor makes a transfer under section 3217 of this chapter, to settle or release a claim of the minor against a third party. Only a conservator, guardian ad litem or other person authorized under other law to act for the minor may release such a claim.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.