Application of payments made to fiduciaries

15 V.I.C. § 1042 — under Liability for Breach of Fiduciary Duty.

15 V.I.C. § 1042

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.