§ 46:38A-14 — Conditions under which certain transfers may be made by a personal representative, trustee or guardian

A transfer may be made under R.S. 46:38A-12 or R.S. 46:38A-13 only if: a. The personal representative, trustee or guardian considers the transfer to be in the best interest of the minor; b. The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, other governing instrument or law; and c. The transfer is authorized by the court if it exceeds $10,000.00 in value. L. 1987, c. 18, s. 1.