New Jersey Statutes
§ 46:38A-28 — Investment or payment of premiums on life insurance or endowment policies by custodian
New Jersey·Title 46 PROPERTY
A custodian may invest in or pay premiums on life insurance or endowment policies on the life of the minor only if the minor or the minor's estate is the sole beneficiary, or the life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor's estate, or the custodian in the capacity of custodian is the irrevocable beneficiary. Source: New. P.L. 1987, c. 18, s.1..
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New Jersey § 46:38A-28 (Investment or payment of premiums on life insurance or endowment policies by 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