Idaho Code § 68-110
This is the official text of Idaho Code § 68-110, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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68-110 THIRD PERSONS PROTECTED IN DEALING WITH TRUSTEE.
Official statutory text
68-110. Third persons protected in dealing with trustee. With respect to a third person dealing with a trustee or assisting a trustee in the conduct of a transaction, the existence of trust powers and their proper exercise by the trustee may be assumed without inquiry. The third person is not bound to inquire whether the trustee has power to act or is properly exercising the power; and a third person, without actual knowledge that the trustee is exceeding his powers or improperly exercising them, is fully protected in dealing with the trustee as if the trustee possessed and properly exercised the powers he purports to exercise. A third person is not bound to assure the proper application of trust assets paid or delivered to the trustee.
History:
[68-110, added 1965, ch. 95, sec. 7, p. 173.]
History:
[68-110, added 1965, ch. 95, sec. 7, p. 173.]
Status: in_force · Read it on the official government site
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