Illinois General Assembly - Illinois Compiled Statutes

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760 ILCS 65/2

(760 ILCS 65/2) (from Ch. 17, par. 2002)

Sec. 2.

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.

(Source: P.A. 80-1495.)