N.H. Rev. Stat. § 463-A:16

Current through Chapter 381 of the 2024 Legislative Session

Section 463-A:16 - 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:

I.The validity of the purported custodian's designation;

II.The propriety of, or the authority under this chapter for, any act of the purported custodian;

III.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

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

RSA 463-A:16

1985, 197:1, eff. July 30, 1985.