386.100 Application of payments made to a fiduciary -- Section not applicable to
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/ky/386-100A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
trustees.
(1)Any 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 shall not be responsible
for the proper application thereof by the fiduciary, and any right or title acquired
from the fiduciary in consideration of the payment or transfer shall not be invalid
because of a misapplication by the fiduciary.
(2)This section shall not apply to trustees.