§ 32-3. Application of payments made to fiduciaries.
§32‑3. Application of payments made to fiduciaries.
A person who in good faithpays or transfers to a fiduciary any money or other property, which thefiduciary as such is authorized to receive, is not responsible for the properapplication thereof by the fiduciary; and any right or title acquired from thefiduciary in consideration of such payment or transfer is not invalid inconsequence of a misapplication by the fiduciary. (1923, c. 85, s. 2; C.S., s.1864(f).)