North Dakota Code 47-24.1-16 – Exemption of third person from liability
Current as of: 2023 | Check for updates
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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:
Terms Used In North Dakota Code 47-24.1-16
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
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; 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.