New Jersey Statutes 46:38A-23. Validity of transfer
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Terms Used In New Jersey Statutes 46:38A-23
- Custodian: means a person so designated under R. See New Jersey Statutes 46:38A-2
- Person: means an individual, corporation, organization, or other legal entity. See New Jersey Statutes 46:38A-2
- Transfer: means a transaction that creates custodial property under R. See New Jersey Statutes 46:38A-2
- Transferor: means a person who makes a transfer under this chapter. See New Jersey Statutes 46:38A-2
The validity of a transfer made in a manner prescribed in this chapter is not affected by:
a. Failure of the transferor to comply with R.S. 46:38A-22 concerning possession and control;
b. Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under R.S. 46:38A-19; or
c. Death or incapacity of a person nominated under R.S. 46:38A-6 and R.S. 46:38A-7 or designated under R.S. 46:38A-19 as custodian or the disclaimer of the office by that person.
L. 1987, c. 18, s. 1.