55-10A-18. 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 this chapter for, any act of the purported custodian;(3)The validity or propriety under this chapter 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: SL 1986, ch 409, §18.
South Dakota Legal Code