Effective 10 Jul 1991, see footnote
469.250. Payment or transfers to fiduciaries or at the direction of the fiduciary, effect on transferor. — A person who in good faith pays or transfers to a fiduciary or to any other person as directed by 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.
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(L. 1959 S.B. 121 § 2, A.L. 1991 S.B. 352, A.L. 2004 H.B. 1511)
Effective 7-10-91
Transferred 2004; formerly 456.250
CROSS REFERENCE:
Transfer of corporate securities by fiduciary, rights of corporation or agency, 403.250 to 430.350
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