Ind. Code § 30-2-8.5-31
Exemption of third person from liability
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
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- Citation
- Ind. Code § 30-2-8.5-31, Exemption of third person from liability, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668086
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Sec. 31. A person in good faith and without court order may act on the instructions of or otherwise deal with a 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:
(1) the validity of the purported custodian's designation;
(2) the propriety of, or the authority under this chapter for, an act of the purported custodian;
(3) the validity or propriety under this chapter of an instrument or instruction executed or given by the person purporting to make a transfer or by the purported custodian, or both; or
(4) the propriety of the application of property of the minor delivered to the purported custodian.