§ 15-202. Application of payments made to fiduciaries

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A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary is authorized to receive, is not responsible for the proper application of it by the fiduciary; and any right or title acquired from the fiduciary in consideration of payment or transfer is not invalid in consequence of a misapplication by the fiduciary.

HISTORY: An. Code 1957, art. 37A, § 2; 1974, ch. 11, § 2.

                    
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