43-2717. Exemption of third person from liability.
131 words·~1 min read·
/ne/chapter-43/43-2717A 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 the Nebraska Uniform Transfers to Minors Act for any act of the purported custodian;
(3)The validity or propriety under the Nebraska Uniform Transfers to Minors 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.