Me. Stat. tit. 33 § 1667

Current through 131st (2023-2024) Legislature Chapter 684

Section 1667 - Exemption of 3rd person from liability

A 3rd 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: [1987, c. 734, §2(NEW).]

1.Designation. The validity of the purported custodian's designation;

[1987, c. 734, §2(NEW).]

2.Authority to act. The propriety of, or the authority under this Act for, any act of the purported custodian;

[1987, c. 734, §2(NEW).]

3.Validity of instruments. The validity or propriety under this Act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or

[1987, c. 734, §2(NEW).]

4.Application of property. The propriety of the application of any property of the minor delivered to the purported custodian.

[1987, c. 734, §2(NEW).]

33 M.R.S. § 1667

1987, c. 734, § 2 (NEW) .