Section 46:30B-39 - When agent deemed to hold property in fiduciary capacity

NJ Rev Stat § 46:30B-39 (2019) (N/A)
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46:30B-39. When agent deemed to hold property in fiduciary capacity

46:30B-39. When agent deemed to hold property in fiduciary capacity. For the purpose of this article, a person who holds property as an agent for a business association is deemed to hold the property in a fiduciary capacity for that business association alone, unless the agreement between him and the business association provides otherwise. Source: New.

L.1989, c.58, s.1.