Louisiana Statutes

§ 9:3802 — Payment or transfer to fiduciary; responsibility for proper application

Louisiana·Title 9 Civil Code-Ancillaries
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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Related

Hawking v. Ford Motor Credit Co.
210 F.3d 540 (Fifth Circuit, 2000)
15 case citations

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