Application of 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 any right or title acquired from the fiduciary in consideration of such payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
(Acts 1943, No. 557, p. 544, §2.)Section: Previous 19-1-1 19-1-2 19-1-3 19-1-4 19-1-5 19-1-6 19-1-7 19-1-8 19-1-9 19-1-10 19-1-11 19-1-12 19-1-13 Next
Last modified: November 15, 2016