Lender not liable for loss or misapplication

R.I. Gen. Laws § 33-9-17., under Chapter 33-9 Collection and Management of Decedents’ Estates.

R.I. Gen. Laws § 33-9-17.

No person lending money to an executor or administrator who has been authorized to borrow by the court in accordance with the provisions of §§ 33-9-14 — 33-9-16 shall be required to see to the application or be answerable for any loss or misapplication thereof.