Bonds authorized to be issued under this act may be made the subject of gifts under the Gifts to Minors Act or other similar law, and may be purchased for the benefit of any minor or other beneficiary under any will or other instrument in any case where obligations of the United States or of this State may be purchased, or where moneys are authorized to be deposited in any bank account.
N.J. Stat. Ann. § 18A:24-83
Bonds as gift to minor or for purchase for beneficiary
Known as the The School Qualified Bond Act
The act spans §§ 18–18 (116 sections).
L.1971, c. 36, s. 18, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.