N.J.S.A. 46:2B-14

Banking institutions not liable for action in reliance on power of attorney

46:2B-14. Banking institutions not liable for action in reliance on power of attorney No banking institution acting in reliance on a power of attorney as set forth in this act, nor any person acting on behalf of such an institution, shall be held liable for injury for any act or omission if it is performed in good faith and within the scope of the institution's or person's duties, unless the act or omission constitutes a crime, actual fraud, actual malice or willful misconduct. L.1991,c.95,s.5.

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This is the verbatim text of N.J.S.A. 46:2B-14, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 46:2B-14 — Banking institutions not liable for action in reliance on power of attorney | Kyzer