Section 46:2B-16 - Banking transaction by agent binds principal

NJ Rev Stat § 46:2B-16 (2019) (N/A)
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46:2B-16. Banking transaction by agent binds principal

Any banking transaction made by an agent or banking institution under the authority of a power of attorney described in this act, unless otherwise invalid or unenforceable, binds the principal and his heirs, devisees, and personal representatives.

L.1991,c.95,s.7.