§556-9  Deposit in names of two or more
trustees.  When a deposit is made in a bank in the name of two or more
persons as trustees and a check is drawn upon the trust account by any trustee
or trustees authorized by the other trustee or trustees to draw checks upon the
trust account, neither the payee nor other holder nor the bank is bound to
inquire whether it is a breach of trust to authorize such trustee or trustees
to draw checks upon the trust account, and is not liable unless the
circumstances be such that the action of the payee or other holder or the bank
amounts to bad faith. [L 1945, c 197, §10; RL 1955, §189-10; HRS §556-9]