Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 7-3.3 — Person paying money to the trustee protected
N.Y. Est. Powers & Trusts Law § 7-3.3
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 7-3.3 Person paying money to the trustee protected
Citator
N.Y. Est. Powers & Trusts Law § 7-3.3 — Person paying money to the trustee protected is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7-3.3 Person paying money to the trustee protected
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.