{"data":{"id":"us-co/c.r.s.-11-50-117","jurisdiction":"us-co","citation":"C.R.S. § 11-50-117","heading":"Exemption of third person from liability.","body":"(1) 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:\n\n(a) The validity of the purported custodian's designation;\n\n(b) The propriety of, or the authority under this article for, any act of the purported custodian;\n\n(c) 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\n\n(d) The propriety of the application of any property of the minor delivered to the purported custodian.","path":["Title 11 - FINANCIAL INSTITUTIONS","Article 50 - Colorado Uniform Transfers to Minors Act"],"source_url":"https://olls.info/crs/crs2026-title-11.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"106996e3c5003fb469266bffeb3930a0cbbeaea3b2f135b7450ce47d19b0a0f6","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-11-50-116","next":"us-co/c.r.s.-11-50-118"},"notice":"GroundRules: Original legal text. Not legal advice."}