Md. Code Ann., Est. & Trusts § 15-202
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2020
As of January 1, 2019
A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary is authorized to receive, is not responsible for the proper application of it by the fiduciary; and any right or title acquired from the fiduciary in consideration of payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
(a) A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary is authorized to receive, is not responsible for the proper application of the money or property by the fiduciary.
(b) A right or title to money or other property acquired from a fiduciary in consideration of payment or transfer is not invalid in consequence of a misapplication by the fiduciary.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.