46:38A-14. Conditions under which certain transfers may be made by a personal representative, trustee or guardian
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/nj/title-46/chapter-38a/46-38a-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.