Rhode Island § 18-4-16 § 18-4-16. Payments or transfers to fiduciaries — Effect of misapplication by fiduciary.

Rhode Island Statutes

§ 18-4-16 — § 18-4-16. Payments or transfers to fiduciaries — Effect of misapplication by fiduciary.

Rhode Island § 18-4-16

Title 18Fiduciaries

Ch. 18-4Powers of Fiduciaries

This text of Rhode Island § 18-4-16 (§ 18-4-16. Payments or transfers to fiduciaries — Effect of misapplication by fiduciary.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 18-4-16 (2026).

Text

§ 18-4-16. Payments or transfers to fiduciaries — Effect of misapplication by fiduciary.
A person who in good faith pays or transfers to a fiduciary any money or other property,
            which the fiduciary is authorized to receive, is not responsible for the proper application
            of the money or other property by the fiduciary; and 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.
         

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§ 18-4-16. Payments or transfers to fiduciaries — Effect of misapplication by fiduciary.

A person who in good faith pays or transfers to a fiduciary any money or other property, which the fiduciary is authorized to receive, is not responsible for the proper application of the money or other property by the fiduciary; and 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.