Section 14-105 - Protection of person dealing with trustee. - Maryland Statutes

§ 14-105. Protection of person dealing with trustee.
 

In the absence of actual knowledge or of reasonable cause to inquire as to whether a trustee is improperly exercising his power, a person dealing with a trustee need not inquire whether a trustee is properly exercising his power, and is protected as if the trustee properly exercised the power. A person need not see to the proper application of trust assets paid or delivered to a trustee. 
 

[An. Code 1957, art. 16, § 199C; 1974, ch. 11, § 2.]