New Jersey Statutes
§ 3B:14-54 — Application of payments of money or transfer of property made to fiduciaries
New Jersey·Title 3B ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
A person who in good faith pays or transfers to a fiduciary money or other property which the fiduciary is authorized to receive, is not responsible for the proper application thereof by the fiduciary. Any right or title acquired from the fiduciary in consideration of the payment or transfer is not invalid in consequence of a misapplication by the fiduciary. L.1981, c. 405, s. 3B:14-54, eff. May 1, 1982.
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Nearby Sections
15
§ 3B:14-10
Cofiduciaries; terms of instrument§ 3B:14-11
Substituted fiduciary; bond§ 3B:14-12
Substituted fiduciary; powers and duties§ 3B:14-13
Reinstatement of original fiduciary§ 3B:14-14
Termination of substituted fiduciary's powers and duties; accounting and delivery of assets§ 3B:14-16
Commissions; apportionment§ 3B:14-17
More than one substituted fiduciary§ 3B:14-19
Discharge from particular trust; effect§ 3B:14-21
Removal for cause.