Section 386.100 - Application of payments made to a fiduciary - Section not applicable to trustees(1) Any 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 shall not be 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 shall not be invalid because of a misapplication by the fiduciary.(2) This section shall not apply to trustees.Amended by 2014 Ky. Acts ch. 25,§ 102, eff. 7/15/2014.Effective: Octotober 1, 1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4711-2.