D.C. Code § 21-1702
Current through codified legislation effective April 10, 2024
A person who in good faith pays or transfers to a fiduciary 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 the payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
D.C. Code § 21-1702
Uniform Law: This section is based upon § 2 of the Uniform Fiduciaries Act.
Joint or trust accounts, safe deposit boxes, etc., see § 26-801 et seq. .