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.
NRS 162.030
Application of payment made to fiduciary
Known as the Uniform Fiduciaries Act
The act spans §§ 162–162 (27 sections).
[2:44:1923; NCL § 2986]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.