New Mexico § 46-7-27 - Exemption of third person from liability

§ 46-7-27. 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: A. the validity of the purported custodian's designation; B. the propriety of, or the authority under the Uniform Transfers to Minors Act, for

any act of the purported custodian; C. the validity or propriety under that act of any instrument or instructions executed

or given either by the person purporting to make a transfer or by the purported custodian;

or D. the propriety of the application of any property of the minor delivered to the

purported custodian.