New Jersey § 12a:4-405
Full text of New Jersey New Jersey Statutes § 12a:4-405, with citation guidance and answers to common questions.
§ 12a:4-405.
a. A payor or collecting bank's authority to accept, pay, or collect an item or to
account for proceeds of its collection, if otherwise effective, is not rendered ineffective
by incompetence of a customer of either bank existing at the time the item is issued
or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes the authority to accept, pay,
collect, or account until the bank knows of the fact of death or of an adjudication
of incompetence and has reasonable opportunity to act on it. b. Even with knowledge, a bank may for 10 days after the date of death pay or certify
checks drawn on or before that date unless ordered to stop payment by a person claiming
an interest in the account.
Frequently Asked Questions About New Jersey § 12a:4-405
What does New Jersey Statutes § 12a:4-405 cover?
Section 12a:4-405 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:4-405?
A common citation format is "New Jersey Statutes § 12a:4-405" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:4-405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.