Alaska Statutes 13.60.100 – Exemption of third person from liability
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A third person in good faith and without a court order may act on instructions of, or otherwise deal with, a person purporting to make a transfer as, or purporting to act in the capacity of, a custodial trustee. In the absence of knowledge to the contrary, the third person is not responsible for determining
Terms Used In Alaska Statutes 13.60.100
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- property: includes real and personal property. See Alaska Statutes 01.10.060
- Trustee: A person or institution holding and administering property in trust.