46:30B-39. When agent deemed to hold property in fiduciary capacity
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/nj/title-46/chapter-30b/46-30b-39A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.