New Jersey Statutes
§ 46:38A-24 — Transfer deemed irrevocable and vested in minor subject to rights, powers, duties and authority of custodian
New Jersey·Title 46 PROPERTY
A transfer made pursuant to R.S. 46:38A-19 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter, and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this chapter. L. 1987, c. 18, s. 1.
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New Jersey § 46:38A-24 (Transfer deemed irrevocable and vested in minor subject to rights, powers, duties and authority of custodian) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 46:38A-1
Short title§ 46:38A-13
Transfers by a guardian§ 46:38A-15
Transfer by obligor§ 46:38A-16
Transfer by obligor; custodian nominated§ 46:38A-18
Receipt for custodial property§ 46:38A-19
Manner of creating custodial property and effecting transfer; designation of initial custodian§ 46:38A-2
Definitions§ 46:38A-21
Control of custodial property§ 46:38A-22
Single custodianship§ 46:38A-23
Validity of transfer