N.Y. Estates, Powers & Trusts Law § 7-3.3
Person paying money to the trustee protected
New York · New York Estates, Powers & Trusts Law · Status: effective · Effective 2014-09-22
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- N.Y. Estates, Powers & Trusts Law § 7-3.3, Person paying money to the trustee protected, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1105201
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Full text
§ 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.