{"data":{"id":"us-mn/minn.-stat.-529.10","jurisdiction":"us-mn","citation":"Minn. Stat. § 529.10","heading":"EXEMPTION OF THIRD PERSON FROM LIABILITY.","body":"A third person in good faith and without a court order may act on instructions of, or otherwise deal with, a person purporting to make a transfer as, or purporting to act in the capacity of, a custodial trustee. In the absence of knowledge to the contrary, the third person is not responsible for determining:\n(1) the validity of the purported custodial trustee's designation;\n(2) the propriety of, or the authority under sections 529.01 to 529.19 for, any action of the purported custodial trustee;\n(3) the validity or propriety of an instrument executed or instruction given pursuant to sections 529.01 to 529.19 either by the person purporting to make a transfer or declaration or by the purported custodial trustee; or\n(4) the propriety of the application of property vested in the purported custodial trustee.","path":["PROBATE; PROPERTY; ESTATES; GUARDIANSHIPS; ANATOMICAL GIFTS","CHAPTER 529. UNIFORM CUSTODIAL TRUST ACT"],"source_url":"https://www.revisor.mn.gov/statutes/cite/529.10","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:49Z","sha256":"ce65522b91df1745463917472cabbcccdc760cd76601011e5aee49bbacc57cb0","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-529.09","next":"us-mn/minn.-stat.-529.11"},"notice":"GroundRules: Original legal text. Not legal advice."}