Application of payments made to fiduciaries
Sec. 2. 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 to title acquired from the
fiduciary in consideration of such payment or transfer is not invalid
in consequence of a misapplication by the fiduciary.
(Formerly: Acts 1927, c.17, s.2.)
Last modified: May 27, 2006