Laws of North Carolina (Last Updated: May 12, 2015)

§32-3. Application of payments made to fiduciaries

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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.

(1923, c. 85, s. 2; C.S., s. 1864(f).)

                    
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