Alaska Statutes: AS 13.46.150. Exemption of Third Person From Liability.

Alaska Statutes. Title 13. Decedents' Estates, Guardianships, Transfers, and Trusts. Chapter 46. Alaska Uniform Transfers to Minors Act Section 150. Exemption of Third Person From Liability.

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AS 13.46.150. 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 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 instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
        (4) the propriety of the application of property of the minor delivered to the purported custodian.

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