2016 New Jersey Revised Statutes
Title 17 - Corporations And Institutions For Finance And Insurance
Section 17:9A-221 - Authority Of Depositor's Agent To Indorse And Deposit Instruments After Death Or Incompetency Of The Depositor

NJ Rev Stat § 17:9A-221 (2016) What's This?

17:9A-221. Authority of depositor's agent to indorse and deposit instruments after death or incompetency of the depositor
The death or incompetency of a depositor who has in writing appointed an agent to indorse instruments for the payment of money and to deposit such instruments to the credit of the depositor's account with a banking institution shall not terminate the authority of the agent to make such indorsements and deposits and such authority shall continue until the banking institution shall receive, at the office in which the account is maintained, actual notice of such death or incompetency.

L.1948, c. 67, p. 353, s. 221.


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