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.
N.J. Stat. Ann. § 46:2B-16
Banking transaction by agent binds principal
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.7.
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.