46:38A-7. When custodianship becomes effective under revocable nomination of custodian
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/nj/title-46/chapter-38a/46-38a-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The nomination of a custodian under R.S. 46:38A-6 does not create custodial property until the nominating instrument becomes irrevocable or a transfer to the nominated custodian is completed under R.S. 46:38A-19. Unless the nomination of a custodian has been revoked, upon the occurrence of the future event the custodianship becomes effective and the custodian shall enforce a transfer of the custodial property pursuant to R.S. 46:38A-19.
L. 1987, c. 18, s. 1.