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Application of payments made to fiduciaries - 20 Pa. Cons. Stat. § 304

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     § 304.  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 the payment or
     transfer is not invalid in consequence of a misapplication by
     the fiduciary.
     (Oct. 12, 1984, P.L.929, No.182, eff. imd.)

        1984 Amendment.  Act 182 added section 304. Section 15 of Act
     182 provided that Act 182 shall apply to the estates of all
     decedents dying on or after the effective date of Act 182.

Last modified: November 27, 2007