7-3.3 - Person Paying Money to the Trustee Protected

NY Est Pow & Trusts L § 7-3.3 (2019) (N/A)
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A person who in good faith transfers money or property to a trustee is not responsible for the proper application of such money or property; and any right or title derived by him from the trustee in consideration of such transfer is not affected by the trustee's misapplication of such money or property.