Colo. Rev. Stat. § 11-50-117
Exemption of third person from liability
Colorado · Colorado Revised Statutes Title 11 — Financial Institutions · Status: effective
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- Citation
- Colo. Rev. Stat. § 11-50-117, Exemption of third person from liability, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2289423
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Full text
(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.