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.
N.J. Stat. Ann. § 46:2B-14
Banking institutions not liable for action in reliance on power of attorney
Known as the Revised Durable Power of Attorney Act
The act spans §§ 46:2B-10 to 46:2B-8.9 (25 sections).
L.1991,c.95,s.5.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.