Colorado Statutes
§ 15-1-105 — Application of payments to fiduciary
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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Legislative History
Source: L. 23: p. 174, � 2. CSA: C. 67, � 2. CRS 53: � 57-1-2. C.R.S. 1963: � 57-1-2.
Nearby Sections
15
§ 15-1-1001
Legislative declaration§ 15-1-1006
References to Internal Revenue Code of 1954§ 15-1-1007
Application of part 10§ 15-1-101
Short title§ 15-1-102
Legislative declaration§ 15-1-103
Definitions§ 15-1-104
Prior transactions§ 15-1-105
Application of payments to fiduciary§ 15-1-109
Deposit in name of fiduciary