Current through the 2024 Fourth Special Session
Section 75A-1-203 - Payments or transfers made to a fiduciary(1) A person who in good faith pays or transfers to a fiduciary any money or other property that the fiduciary is authorized to receive is not responsible for the proper application of the money or property by the fiduciary.(2) A right or title acquired from the fiduciary in consideration of a payment or transfer described in Subsection (1) is not invalid as a consequence of a misapplication by the fiduciary.Renumbered from § 22-1-2 and amended by Chapter 364, 2024 General Session ,§ 16, eff. 9/1/2024.