Illinois Compiled Statutes 760 ILCS 65/2 – A person who in good faith pays or transfers to a fiduciary any money …
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Terms Used In Illinois Compiled Statutes 760 ILCS 65/2
- Fiduciary: A trustee, executor, or administrator.
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.