A gift made on or after the effective date of this act in a manner prescribed in section 3 of this act is a "custodial gift" and as such is governed by this act. It is such whether or not the person designated custodian is eligible to serve, and whether or not there is a failure to comply with one or more sections of this act other than section 3.
N.J. Stat. Ann. § 46:38-16
Custodial gift
Known as the New Jersey Uniform Gifts to Minors Act
The act spans §§ 46:38-13 to 46:38-41 (31 sections).
L. 1963, c. 177, s.4; repealed R.S. 46:38A-57 (effective July 1, 2007).
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.