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Payments, &c. to be valid, but not to operate as release from breach of trust.
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19. Every payment and transfer duly made as aforesaid shall he effectual in the law, and shall relieve the parties making the same from all liability in respect of any subsequent application of the monies and property so paid or transferred; but nothing herein contained shall operate to release any person or corporate body from any liability arising from any breach of trust previously committed by such person or body.
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