ยง556-2 - Application of payments made to fiduciaries.
ยง556-2ย Application of payments made to
fiduciaries.ย 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. [L 1945, c 197, ยง2; RL 1955, ยง189-2; HRS ยง556-2]