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§ 15-202. Application of payments by fiduciaries

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 15. Fiduciaries (Refs & Annos)
Subtitle 2. Maryland Uniform Fiduciaries Act (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 15-202
§ 15-202. Application of payments by fiduciaries
Currentness
In general
(a) 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 property by the fiduciary.
Misapplication
(b) A right or title to money or other property acquired from a fiduciary in consideration of payment or transfer is not invalid in consequence of a misapplication by the fiduciary.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 37A, § 2.
MD Code, Estates and Trusts, § 15-202, MD EST & TRST § 15-202
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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