™Your Policy Risk Impact Agent
17 chapters · 250 sections in this title.
D.C. Code § 21-1701 Definitions
0.9K chars
(a) In this chapter unless the context otherwise requires: “bank” includes a person or association of persons, whether incorporated or not, carrying on the business of banking; “fiduciary” includes a trustee under a trust, express, implied, resulting or constructive, executor, ad…
D.C. Code § 21-1702 Application of payment made to fiduciaries
0.4K chars
A person who in good faith pays or transfers to a fiduciary 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…
D.C. Code § 21-1703 Transfer of negotiable instruments by fiduciary
1.1K chars
If a negotiable instrument payable or indorsed to a fiduciary as such is indorsed by the fiduciary, or if a negotiable instrument payable or indorsed to his principal is indorsed by a fiduciary empowered to indorse the instrument on behalf of his principal, the indorsee is not bo…
D.C. Code § 21-1704 Check drawn by fiduciary payable to third person
1.1K chars
If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of his principal by a fiduciary empowered to draw such an instrument in the name of his principal, the payee is not bound to inquire whether the fiduciary is committing a breach of his obligation…
