385.162 Exemption of third person from liability.

125 words·~1 min read·/ky/chapter-385/385-162

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 KRS 385.032 to 385.222 for, any act of the

purported custodian;

(3)The validity or propriety under KRS 385.032 to 385.222 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.