§ 15–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 15-202 (2026)
Title 15. Fiduciaries
Subtitle 2. Maryland Uniform Fiduciaries Act
§ 15–202LinkCopy Citation
(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.