N.J.S.A. 3B:14-54

Application of payments of money or transfer of property made to fiduciaries

3B:14-54. Application of payments of money or transfer of property made to fiduciaries A person who in good faith pays or transfers to a fiduciary money or other property which the fiduciary is authorized to receive, is not responsible for the proper application thereof by the fiduciary. Any right or title acquired from the fiduciary in consideration of the payment or transfer is not invalid in consequence of a misapplication by the fiduciary. L.1981, c. 405, s. 3B:14-54, eff. May 1, 1982.

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This is the verbatim text of N.J.S.A. 3B:14-54, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 3B:14-54 — Application of payments of money or transfer of property made to fiduciaries | Kyzer