Nebraska Statutes 43-2717. Exemption of 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, is not responsible for determining:
Terms Used In Nebraska Statutes 43-2717
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
(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.
Source
- Laws 1992, LB 907, § 17.