Exemption of third person from liability.
Del. Code tit. 12, § 4516
in effectA 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 of 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: DE Code (Official Site)URL: https://delcode.delaware.gov/title12/c045/index.htmlFetched: 10/4/2026