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§ 1217. Persons dealing with purported custodian--Responsibilities

Oklahoma Statutes AnnotatedTitle 58. Probate Procedure

Oklahoma Statutes Annotated
Title 58. Probate Procedure (Refs & Annos)
Chapter 20. Uniform Transfers to Minors Act (Refs & Annos)
58 Okl.St.Ann. § 1217
§ 1217. Persons dealing with purported custodian--Responsibilities
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; or
2. the propriety of, or the authority pursuant to the provisions of the Oklahoma Uniform Transfers to Minors Act for, any act of the purported custodian; or
3. the validity or propriety pursuant to the provisions of the Oklahoma 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.

Credits

Laws 1986, c. 261, § 17, eff. Nov. 1, 1986.
58 Okl. St. Ann. § 1217, OK ST T. 58 § 1217
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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