{"data":{"id":"us-nm/45-7-512","jurisdiction":"us-nm","citation":"45-7-512","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:\nA. the validity of the purported custodial trustee's designation;\nB. the propriety of, or the authority under the Uniform Custodial Trust Act [45-7-501 to 45-7-522 NMSA 1978] for, any action of the purported custodial trustee;\nC. the validity or propriety of an instrument executed or instruction given pursuant to the Uniform Custodial Trust Act either by the person purporting to make a transfer or declaration or by the purported custodial trustee; or\nD. the propriety of the application of property vested in the purported custodial trustee.","path":["Chapter 45 - Uniform Probate Code","ARTICLE 7 Trust Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18546/index.do","current_through":"2024-09-06","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"e0dd1cd33fb2bd08ac051df1bfe9eb0083052ec8949a05e89ca13ad753c3d41a","source_id":"us-nm","stale":false,"prev":"us-nm/45-7-511","next":"us-nm/45-7-513"},"notice":"GroundRules: Original legal text. Not legal advice."}