{"data":{"id":"us-fl/fla.-stat.-736.1016","jurisdiction":"us-fl","citation":"Fla. Stat. § 736.1016","heading":"Protection of person dealing with trustee.","body":"(1) A person other than a beneficiary who in good faith assists a trustee or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers, is protected from liability as if the trustee properly exercised the power.\n(2) A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.\n(3) A person who in good faith delivers assets to a trustee need not ensure their proper application.\n(4) A person other than a beneficiary who in good faith assists a former trustee or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated, is protected from liability as if the former trustee were still a trustee.\n(5) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.\nHistory.—s. 10, ch. 2006-217.","path":["CHAPTER 736 FLORIDA TRUST CODE"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0700-0799/0736/0736.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:13:29Z","sha256":"ca743e5684f02d9a635bd390b557b4d81e9b1ca5ec03baf9420e32e81b9a60b7","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-736.1015","next":"us-fl/fla.-stat.-736.1017"},"notice":"GroundRules: Original legal text. Not legal advice."}