New Jersey § 46:2B-14 Banking institutions not liable for action in reliance on power of attorney

New Jersey Statutes

§ 46:2B-14 — Banking institutions not liable for action in reliance on power of attorney

New Jersey § 46:2B-14

Title 46PROPERTY

This text of New Jersey § 46:2B-14 (Banking institutions not liable for action in reliance on power of attorney) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 46:2B-14 (2026).

Text

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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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.