New Jersey Statutes 46:38A-38. Exemption of third person from liability
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Terms Used In New Jersey Statutes 46:38A-38
- Court: means the Superior Court. See New Jersey Statutes 46:38A-2
- Custodian: means a person so designated under R. See New Jersey Statutes 46:38A-2
- Minor: means an individual who has not attained the age of 21 years. See New Jersey Statutes 46:38A-2
- Person: means an individual, corporation, organization, or other legal entity. See New Jersey Statutes 46:38A-2
- Transfer: means a transaction that creates custodial property under R. See New Jersey Statutes 46:38A-2
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. The validity of the purported custodian’s designation;
b. The propriety of, or the authority under this chapter for, any act of the purported custodian;
c. 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
d. The propriety of the application of any property of the minor delivered to the purported custodian.
L. 1987, c. 18, s. 1.