{"data":{"id":"us-nc/n.c.-gen.-stat.-33b-11","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 33B-11","heading":"Third-party transactions.","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 to act in the capacity of, a custodial trustee. In the absence of actual knowledge to the contrary, the third person is not responsible for determining:\n(1)\tThe validity of the purported custodial trustee's designation;\n(2)\tThe propriety of, or the authority under this act for, any action of the purported custodial trustee;\n(3)\tThe validity or propriety of an instrument executed or instruction given pursuant to this act either by the person purporting to make a transfer or declaration or by the purported custodial trustee; or\n(4)\tThe propriety of the application of property vested in the purported custodial trustee. (1995, c. 486, s. 1.)","path":["Chapter 33B. North Carolina Uniform Custodial Trust Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_33B/GS_33B-11.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:37Z","sha256":"cbe87abfb9e7d05dfd1058458f6808eef6d30fb5e3800fafdf5fc8bd08334826","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-33b-10","next":"us-nc/n.c.-gen.-stat.-33b-12"},"notice":"GroundRules: Original legal text. Not legal advice."}