68-302. APPLICATION OF PAYMENTS MADE TO FIDUCIARIES. 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.
History:
[(68-302) 1925, ch. 217, sec. 2, p. 393; I.C.A., sec. 66-302.]
Structure Idaho Code
Title 68 - TRUSTS AND FIDUCIARIES
Chapter 3 - UNIFORM FIDUCIARIES LAW
Section 68-301 - DEFINITION OF TERMS.
Section 68-302 - APPLICATION OF PAYMENTS MADE TO FIDUCIARIES.
Section 68-304 - TRANSFER OF NEGOTIABLE INSTRUMENT BY FIDUCIARY.
Section 68-305 - CHECK DRAWN BY FIDUCIARY PAYABLE TO THIRD PERSON.
Section 68-306 - CHECK DRAWN BY AND PAYABLE TO FIDUCIARY.
Section 68-307 - DEPOSIT IN NAME OF FIDUCIARY AS SUCH.
Section 68-308 - DEPOSIT IN NAME OF PRINCIPAL.
Section 68-309 - DEPOSIT IN FIDUCIARY’S PERSONAL ACCOUNT.
Section 68-310 - DEPOSIT IN NAMES OF TWO OR MORE TRUSTEES.
Section 68-311 - CHAPTER NOT RETROACTIVE.
Section 68-312 - CASES NOT PROVIDED FOR IN CHAPTER.