§554B-11 Exemption of third person from liability. A third person in good faith and without a court order may act on instructions of, or otherwise deal with, a person purporting to make a transfer as, or purporting to act in the capacity of, a custodial trustee, and, in the absence of knowledge to the contrary, is not responsible for determining: (1) The validity of the purported custodial trustee's designation; (2) The propriety of, or the authority under this chapter for, any action of the purported custodial trustee; (3) The validity or propriety under this chapter of any instrument or instruction executed or given either by the person purporting to make a transfer or by the purported custodial trustee; or (4) The propriety of the application of any property delivered to the purported custodial trustee. [L 1989, c 76, pt of §1]
Hawaii Legal Code