(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.
Structure Maryland Statutes
Subtitle 2 - Maryland Uniform Fiduciaries Act
Section 15-202 - Application of Payments Made to Fiduciaries
Section 15-203 - Transfer of Negotiable Instrument by Fiduciary
Section 15-204 - Check Drawn by Fiduciary Payable to Third Person
Section 15-205 - Check Drawn by and Payable to Fiduciary
Section 15-206 - Deposit in Name of Fiduciary as Such
Section 15-207 - Deposit in Name of Principal
Section 15-208 - Deposit in Personal Account of Fiduciary
Section 15-209 - Cases Not Provided for in Article