Ala. Code § 35-5A-9: Receipt and Discharge for Transfer of Custodial Property.
Where this section sits in the code
- Title 35 Property.
- Chapter 5A Uniform Transfers to Minors Act.
A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter. An acknowledgment of delivery by a custodian, who believes in good faith that the transfer does not exceed the limitations on value prescribed in Sections 35-5A-7(c) and 35-5A-8(c), is a sufficient receipt and discharge in accordance with this section, even though the values may subsequently be determined to exceed the value limitations.
Collected 2026-09-03T14:01:51Z. Source file · JSON