162.030 - Application of payment made to fiduciary. - Nevada Statutes

162.030  Application of payment made to fiduciary.  A person who in good faith pays or transfers to a fiduciary any money or other property which the fiduciary as such is authorized to receive, is not responsible for the proper application thereof by the fiduciary; and any right or title acquired from the fiduciary in consideration of such payment or transfer is not invalid in consequence of a misapplication by the fiduciary.

      [2:44:1923; NCL § 2986]