Indiana Statutes
§ 30-2-4-2 — 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 to title acquired from the
fiduciary in consideration of such payment or transfer is not invalid in
consequence of a misapplication by the fiduciary.
Formerly: Acts 1927, c.17, s.2.
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Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions