New Jersey Statutes
§ 46:38-20 — Acceptance of custodianship by designated successor
New Jersey·Title 46 PROPERTY
A person designated a successor custodian shall be deemed to have accepted the custodianship upon the execution by him and delivery to the person or court who designated him a notice in writing of his acceptance of the custodianship. If the successor designee does not deliver such a notice of acceptance to the designator within 10 days of delivery to him of the designation, the designator shall promptly deliver to the successor designee a notice in writing requesting an acceptance or renunciation. If the successor designee fails to deliver to the donor a written notice of acceptance or renunciation within 10 days after delivery to him of the request he shall be deemed to have renounced. In that event the donor shall make a written recital of the failure to respond and the consequent renunc
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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