§ 15-1-806 — Third persons protected in dealing with fiduciary

With respect to
a third person dealing with a fiduciary or assisting a fiduciary in the conduct of a
transaction, proper exercise of his powers by the fiduciary is to be presumed, and
such third person shall not be bound to inquire whether the fiduciary has power to
act or is properly exercising such powers, nor shall such third person be bound to
see to the proper application of estate or trust assets paid or delivered to the
fiduciary.

Legislative History

Source: L. 67: p. 770, � 1. C.R.S. 1963: � 57-8-6.