Protection of persons dealing with trustees.

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    (a)    In the absence of actual knowledge or of reasonable cause to inquire as to whether a trustee is improperly exercising the trustee’s power, a person dealing with a trustee need not inquire whether a trustee is properly exercising the power of the trustee and is protected as if the trustee properly exercised the power.

    (b)    A person need not see to the proper application of trust assets paid or delivered to a trustee.


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