Md. Code, Estates and Trusts § 15-202
This is the official text of Md. Code, Estates and Trusts § 15-202, part of Maryland’s Code, Estates and Trusts — governs wills, trusts, and probate.
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§15–202.
Official statutory text
(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.
(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.
(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.
Status: in_force · Read it on the official government site
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