New Jersey Superior Court Appellate Division November 24, 1982 (Knesz v. Central Jersey Bank & Trust Co.)

The opinion of the court was delivered by

PRESSLER, J.A.D.

The issue raised by this appeal, unaddressed in this State since its adoption of the Uniform Commercial Code, N.J.S.A. 12A:1-101 et seq., is whether the payee of a check whose indorsement has been forged has a cause of action in conversion against the depositary-collecting bank which has paid on the forged indorsement. We hold that N.J.S.