New Jersey Statutes
§ 46:38-17 — Effect of custodial gift
New Jersey·Title 46 PROPERTY
A gift made in the manner prescribed in this act is irrevocable and conveys to the minor an indefeasible vested legal title to the security, life insurance or endowment policy, annuity contract, money, tangible personal property, interest in a partnership or general partnership. L. 1963, c. 177, s.
5.Amended by L.1981, c. 377, s. 3, 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 March 1, 1982; repealed R.S. 46:38A-57 (effective July 1, 2007).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