N.Y. Estates, Powers & Trusts Law Section 7-3.3
Person paying money to the trustee protected


§ 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.

Source: Section 7-3.3 — Person paying money to the trustee protected, https://www.­nysenate.­gov/legislation/laws/EPT/7-3.­3 (updated Sep. 22, 2014; accessed May 4, 2024).

Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 7-3.3’s source at nysenate​.gov

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