A transfer made pursuant to R.S. 46:38A-19 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this chapter, and neither the minor nor the minor's legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this chapter.
N.J. Stat. Ann. § 46:38A-24
Transfer deemed irrevocable and vested in minor subject to rights, powers, duties and authority of custodian
Known as the New Jersey Uniform Transfers to Minors Act
The act spans §§ 46:38A-1 to 46:38A-9 (57 sections).
L. 1987, c. 18, s. 1.
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.