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§ 5316. Exemption of third person from liability

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 53. Pennsylvania Uniform Transfers to Minors Act (Refs & Annos)
20 Pa.C.S.A. § 5316
§ 5316. Exemption of third person from liability
Currentness
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 chapter for any act of the purported custodian;
(3) the validity or propriety under this chapter 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

1992, Dec. 16, P.L. 1163, No. 152, § 10, imd. effective.
20 Pa.C.S.A. § 5316, PA ST 20 Pa.C.S.A. § 5316
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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