§ 32-11. Deposit in names of two or more trustees.
If a trust account has two or more trustees and an authorized trustee draws a check, the payee, other holder, and bank do not have to investigate whether the authorization breaches the trust, unless there is bad faith.
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- Jurisdiction
- United States — North Carolina
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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bank liability trust account transactions
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§ 32-11. Deposit in names of two or more trustees.
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