{"data":{"id":"us-nm/46-7-27","jurisdiction":"us-nm","citation":"46-7-27","heading":"Exemption of third person from liability.","body":"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:\nA. the validity of the purported custodian's designation;\nB. the propriety of, or the authority under the Uniform Transfers to Minors Act, for any act of the purported custodian;\nC. the validity or propriety under that act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or\nD. the propriety of the application of any property of the minor delivered to the purported custodian.","path":["Chapter 46 - Fiduciaries and Trusts","ARTICLE 7 Transfers to Minors"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18547/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"30a0e01b9626d62720ce45fe60efbe94c6c769a72de444f1eb39e4dbef84e583","source_id":"us-nm","stale":false,"prev":"us-nm/46-7-26","next":"us-nm/46-7-28"},"notice":"GroundRules: Original legal text. Not legal advice."}