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Fiduciaries and Trusts | |
Fiduciaries | |
Section 2 | Payments made to fiduciaries. |
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22-1-2. Payments made to fiduciaries. A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized to receive is not responsible for the proper application thereof by the fiduciary; and no right or title acquired from the fiduciary in consideration of such payment or transfer is invalid in consequence of a misapplication by the fiduciary.
No Change Since 1953 |
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