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.
Ala. Code § 19-1-3
Application of Payments Made to Fiduciaries.
Known as the Uniform Fiduciaries Act
The act spans §§ 19–19 (13 sections).
(Acts 1943, No. 557, p. 544, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.