2011 New Mexico Statutes
Chapter 46: Fiduciaries and Trusts
Article 1: Fiduciary Obligations and Investments, 46-1-1 through 46-1-16
Section 46-1-2: Payment or transfer to fiduciary. (Repealed effective January 1, 2012.)
46-1-2. Payment or transfer to fiduciary. (Repealed effective January 1, 2012.)
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 such payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
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