Legislation
SECTION 7-3.3
Person paying money to the trustee protected
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 3
§ 7-3.3 Person paying money to the trustee protected
A person who in good faith transfers money or property to a trustee is
not responsible for the proper application of such money or property;
and any right or title derived by him from the trustee in consideration
of such transfer is not affected by the trustee's misapplication of such
money or property.
A person who in good faith transfers money or property to a trustee is
not responsible for the proper application of such money or property;
and any right or title derived by him from the trustee in consideration
of such transfer is not affected by the trustee's misapplication of such
money or property.