State Codes and Statutes

Statutes > Minnesota > 520-523 > 520 > 520_02

520.02 APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.

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.

History:

1945 c 202 s 2

State Codes and Statutes

Statutes > Minnesota > 520-523 > 520 > 520_02

520.02 APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.

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.

History:

1945 c 202 s 2


State Codes and Statutes

State Codes and Statutes

Statutes > Minnesota > 520-523 > 520 > 520_02

520.02 APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.

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.

History:

1945 c 202 s 2