N.J. Stat. » Title 3B — ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
New Jersey Statutes

N.J. Stat. § 3B:14-55 (2026)

Check drawn by and payable to fiduciary

✓ current as of May 2026
Find cases: SyfertCases citing this section JustiaN.J. Stat. CornellLII Search CasesGoogle Scholar

If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his principal by a fiduciary empowered to draw the instrument in the name of his principal, payable to the fiduciary personally, or payable to a third person and by him transferred to the fiduciary, and is thereafter transferred by the fiduciary, whether in payment of a personal debt of the fiduciary or otherwise, the transferee is not bound to inquire whether the fiduciary is committing a breach of his obligation as fiduciary in transferring the instrument, and is not chargeable with notice that the fiduciary is committing a breach of his obligation as fiduciary unless he takes the instrument with actual knowledge of the breach or with knowledge of facts that his action in taking the instrument amounts to bad faith.

Notes of Decisions
Cited in 4 cases, 2019–2020 · leading case: Koss Corp. v. Park Bank, 922 N.W.2d 20 (Wis. 2019).
Sort: Relevance Newest Treatment
Koss Corp. v. Park Bank, 922 N.W.2d 20 (Wis. 2019). · cites it 2× “08 ; N.J. Stat. Ann. § 3B:14-55; N.C. Gen. Stat.”
Dr. Dominick A. Lembo v. Arlene Marchese (082930) (Passaic Cnty. & Statewide) (N.J. 2020). · cites it 8× “The relevant UFL provisions at issue in this case are N.J.S.A. 3B:14-55 and -58. The Court reviews those provisions in detail and concludes from their plain language that a bank is not liable in a common law cause of action unless it has “actual knowledge” or 2 “notice” of a…”
Dr. Dominick a. Lembo Vs. Arlene Marchese (l-0453-15, Passaic Cnty. & Statewide) (N.J. Super. Ct. App. Div. 2019). · cites it 3× “" N.J.S.A. 3B:14-55; see also N.J. Title Ins.”
Koss Corp. v. Park Bank (Wis. 2019). “08 ; N.J. Stat. Ann. § 3B:14-55; N.C. Gen. Stat.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.