9-26-216. Exemption of a third person from liability.

Arkansas Code — all titles (historical 2020) · legal_authorities

9-26-216. Exemption of a third person from liability.

9-26-216. Exemption of a 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, shall not be responsible for determining: (1) the validity of the purported custodian's designation; (2) the propriety of, or the authority under this subchapter for, any act of the purported custodian; (3) the validity or propriety under this subchapter 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.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 9-26-216

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.