§ 6361. Application of payments made to fiduciaries
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 6361
§ 6361. Application of payments made to fiduciaries
A person who, in good faith, pays or transfers to a fiduciary any money or other property, which the fiduciary as such is authorized to receive, is not responsible for the proper application thereof by the fiduciary, and any right or title acquired from the fiduciary in consideration of such payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
Credits
1923, May 31, P.L. 468, § 2.
7 P.S. § 6361, PA ST 7 P.S. § 6361
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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