2016 Missouri Revised Statutes
TITLE XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY (456-475)
Chapter 456 Trusts and Trustees--The Uniform Trust Code
Section 456.250 (Transferred 2004; now 469.250)
469.250. A person who in good faith pays or transfers to a fiduciary or to any other person as directed by 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 such payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
(L. 1959 S.B. 121 § 2, A.L. 1991 S.B. 352, A.L. 2004 H.B. 1511)
Effective 7-10-91
Transferred 2004; formerly 456.250
CROSS REFERENCE:
Transfer of corporate securities by fiduciary, rights of corporation or agency, 403.250 to 430.350
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