7-3.3 - Person paying money to the trustee protected - New York Statutes

§ 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.