[§558-5]  Inquiry into authority of trustee. 
Any grantee, mortgagee, lessee, transferee, assignee, or person obtaining
satisfaction, releases, or otherwise in any way dealing with the trustee with
respect to the real property held in trust under the recorded instrument, may
but shall not be obligated to inquire into the identification or status of any
named or unnamed beneficiaries, or their heirs or assigns to whom a trustee may
be accountable under the terms of the recorded instrument, or under any unrecorded
separate declarations or agreements collateral to the recorded instrument
whether referred to in the recorded instrument or not, nor to inquire into or
ascertain the authority of such trustee to act within and exercise the powers
granted under the recorded instrument, nor to inquire into the adequacy or
disposition of any consideration, if any is paid or delivered to the trustee in
connection with any interest so acquired from the trustee, nor to inquire into
any of the provisions of any of the unrecorded declarations or agreements. [L
1978, c 151, pt of §1]