New Jersey Statutes 46:38-37. Model act; application and repeal
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Terms Used In New Jersey Statutes 46:38-37
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
“An act concerning gifts of securities to minors,” approved July 14, 1955 (P.L.1955, c. 139), hereinafter called the “Model Act,” shall not apply to any gift made to a minor on or after the effective date of this act. The Model Act is repealed effective July 1, 1985.
L.1963, c. 177, s. 25.