55-7-4. Payment or transfer to fiduciary--Nonliability of transferor for improper application.
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/sd/title-55/chapter-55-7/55-7-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.