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Francis v. United Jersey Bank
Citations: 407 A.2d 1253; 171 N.J. Super. 34
Court: New Jersey Superior Court; October 26, 1979; New Jersey; State Appellate Court
In the case of John J. Francis et al. v. United Jersey Bank et al., the New Jersey Appellate Division addressed the misappropriation of funds involving trust assets. The court disagreed with the trial judge's classification of the misappropriated funds as fraudulent conveyances, asserting that the more accurate characterization was conversion, as the funds in question were primarily trust funds. Despite this distinction, the appellate court affirmed the trial judge's decision based on the substantive reasons outlined in the trial court's opinion and subsequent motions. The ruling was delivered by Judges Fritz, Kole, and Lane on October 26, 1979, after oral arguments were presented on October 16, 1979.