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New Jersey Supreme Court Clarifies Reach of Uniform Fiduciaries Law
In Lembo v. Marchese, (A-92-18/082930) (Decided June 17, 2020), the Supreme Court of New Jersey held that the New Jersey Uniform Fiduciaries Law (UFL) does not authorize an affirmative cause of action against a bank. Rather, it provides a bank with a limited immunity from liability for failing to take