C.R.S. Section 11-50-117
Exemption of third person from liability


(1)

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:

(a)

The validity of the purported custodian’s designation;

(b)

The propriety of, or the authority under this article for, any act of the purported custodian;

(c)

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

(d)

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

Source: Section 11-50-117 — Exemption of third person from liability, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 11-50-117’s source at colorado​.gov