Idaho Code 68-302 – Application of Payments Made to Fiduciaries
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 68-302
- Fiduciary: A trustee, executor, or administrator.
- person: includes a corporation as well as a natural person;
Idaho Code 73-114Property: includes both real and personal property. See Idaho Code 73-114
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.