PERSONS DEALING WITH TRUSTEES. Any act of the Trustee purporting to be done in its capacity as such shall, as to any Persons dealing with such Trustee, be conclusively deemed to be within the purpose of this Trust and within the powers of the Trustee. No person dealing with the Trustee or any of them, or with the authorized agents or representatives of the Trust, shall be bound to see to the application of any funds or property passing into their hands or control. The receipt of the Trustee or any of them, or of authorized agents or representative of the Trust, for monies or other consideration, shall be binding upon the Trust.
Appears in 6 contracts
Samples: Liquidating Trust Agreement (Global Resource CORP), Partial Liquidating Trust Agreement (Continan Communications, Inc.), Liquidating Trust Agreement (Global Resource CORP)
