Sec. 17. Exemption of Third Person from Liability.
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/il/chapter-760/act-20/17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 17. Exemption of Third Person from Liability. 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;
(2)the propriety of, or the authority under this Act for, any act of the purported custodian;
(3)the 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
(4)the propriety of the application of any property of the minor delivered to the purported custodian.