20. Moneys paid into or out of an NJBEST account by or on behalf of a contributor or designated beneficiary for the purposes of financing the cost of qualified higher education expenses under this article are exempt from all claims of creditors of the contributor or the designated beneficiary.
N.J. Stat. Ann. § 18A:71B-41.1
Exemption from claims of creditors for NJBEST accounts
Applied in 2 court decisions — leading case Cirilli v. Bronk (In Re Bronk) (2011)
Most recently applied in O'Brien v. AMBS Diagnostics, LLC (April 2016)
L.2001,c.262,s.20.
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.