Alabama Statutes
§ 19-1-3 — Application of Payments Made to Fiduciaries
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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Alabama § 19-1-3 (Application of Payments Made to Fiduciaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1943, No. 557, p. 544, §2.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short Title