TITLE 44 PROPERTY

Section 5. Acquisition and Loss of Property, 44-5-1 through 44-5-230.

ARTICLE 5 THE GEORGIA TRANSFERS TO MINORS ACT

44-5-126. Liability of third person for dealings with person purporting to act in capacity of custodian.

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 article for, any act of the purported custodian;
3. 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
4. The propriety of the application of any property of the minor delivered to the purported custodian.

(Code 1981, §44-5-126, enacted by Ga. L. 1990, p. 667, § 1.)