New Jersey Statutes
§ 46:38-24 — Placing subject of gift in possession and control of custodian
New Jersey·Title 46 PROPERTY
A donor of a custodial gift shall promptly do all things within his power to put the subject of the gift in the possession and control of the custodian, but neither the donor's failure to comply with this section, nor his designation of an ineligible person as custodian, nor renunciation by the person designated as custodian affects the consummation of the gift. L. 1963, c. 177, s.
12.Amended by L.1981, c. 377, s. 11, eff. March 1, 1982; repealed R.S. 46:38A-57 (effective July 1, 2007).
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Nearby Sections
15
§ 46:38-13
Short title§ 46:38-14
Definitions§ 46:38-15
Gifts to minors§ 46:38-16
Custodial gift§ 46:38-17
Effect of custodial gift§ 46:38-18
Acceptance of custodianship; notice§ 46:38-19
Successor custodians; designation§ 46:38-21
Persons eligible to be custodians