46:38-17. Effect of custodial gift
67 words·~1 min read·
/nj/title-46/chapter-38/46-38-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 March 1, 1982; repealed R.S. 46:38A-57 (effective July 1, 2007).