Statute 43 2717

43-2717. 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 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:(1) The validity of the purported custodian's designation;(2) The propriety of or the authority under the Nebraska Uniform Transfers to Minors Act for any act of the purported custodian;(3) The validity or propriety under the Nebraska Uniform Transfers to Minors Act of any 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 any property of the minor delivered to the purported custodian.Source Laws 1992, LB 907, § 17.