Title 18 · RI
Title 18Fiduciaries
Citation: R.I. Gen. Laws § 18-4-16
Section: 18-4-16
Title 18Fiduciaries
Chapter 4Powers of Fiduciaries
R.I. Gen. Laws § 18-4-16
§ 18-4-16. Payments or transfers to fiduciaries â 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.
History of Section.P.L. 1960, ch. 147, § 3.