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.
Structure 2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 2 - Uniform Fiduciaries Act
§ 35-2-103. Application of Payments Made to Fiduciaries — Validity of Right or Title Acquired
§ 35-2-104. Transfer of Negotiable Instrument by Fiduciary
§ 35-2-105. Check Drawn by Fiduciary Payable to Third Person
§ 35-2-107. Deposit in Name of Fiduciary as Such — Drawing Check
§ 35-2-108. Deposit in Name of Principal — Drawing Checks
§ 35-2-109. Deposit in Fiduciary's Personal Account — Drawing Checks
§ 35-2-110. Deposit in Names of Two or More Trustees — Drawing Checks