                                 CODE OF VIRGINIA

EXEMPTION OF THIRD PERSON FROM LIABILITY (§ 64.2-1915)

A third person may act in good faith and without court order on the instruction
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 (i) the validity of the purported custodian&#8217;s
designation, (ii) the propriety of, or the authority under this chapter for, any
act of the purported custodian, (iii) 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 (iv) the
propriety of the application of any property of the minor delivered to the
purported custodian.

HISTORY: 1988, c. 516, § 31-52; 2012, c. 614.