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2020 Rhode Island General Laws
Title 18 - Fiduciaries
Chapter 18-4 Powers of Fiduciaries
Section 18-4-16 Payments or transfers to fiduciaries - Effect of misapplication by fiduciary.
Universal Citation: RI Gen L § 18-4-16 (2020)
§ 18-4-16. Payments or transfers to fiduciaries - Effect of misapplication by fiduciary.
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 the money or other property by the fiduciary; and any right or title acquired from the fiduciary in consideration of the payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
History of Section.
(P.L. 1960, ch. 147, § 3.)
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