Exemption of third person from liability. — Delaware Code § 4516
Delaware Code § 4516 — Exemption of third person from liability.. Reproduced from the official Delaware Code, with a citation summary, verification link, and related provisions.
§ 4516. Exemption of third person from liability.
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:
(1) The validity of the purported custodian’s designation;
(2) The propriety of or the authority under this chapter for any act of the purported custodian;
(3) The validity of propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or
(4) The propriety of the application of any property of the minor delivered to the purported custodian.
70 Del. Laws, c. 393, § 1;Source: official Delaware text · Last verified 2026-08-27
At a glance
- Citation: Delaware Code § 4516
- Jurisdiction: Delaware
- Code: Delaware Code
- Subject: Exemption of third person from liability.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Delaware Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Delaware attorney.
Common questions
What is the source of Delaware Code § 4516?
The text above is transcribed from the Delaware Code, the codified statutes of Delaware. The official publisher link appears under "Verify the text" on this page.
What subject does Delaware Code § 4516 address?
It addresses "Exemption of third person from liability.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Delaware Code § 4516 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Delaware source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Delaware law to your facts requires a licensed Delaware attorney who can review the specifics.