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§ 175.8. Transferor of money or property not responsible for application by trustee

Oklahoma Statutes AnnotatedTitle 60. Property

Oklahoma Statutes Annotated
Title 60. Property (Refs & Annos)
Chapter 4. Uses and Trusts
Oklahoma Trust Act (Refs & Annos)
60 Okl.St.Ann. § 175.8
§ 175.8. Transferor of money or property not responsible for application by trustee
A person who, with or without knowledge of the trust, in good faith pays or transfers to a trustee any money or other property which the trustee as such is authorized to receive, is not responsible for the proper application thereof by the trustee; and any right or title acquired from the trustee in consideration of such payment or transfer is not invalid in consequence of a misapplication by the trustee.

Credits

Laws 1941, p. 251, § 8.
60 Okl. St. Ann. § 175.8, OK ST T. 60 § 175.8
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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