New Jersey Statutes 46:38A-26. Care of custodial property
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Terms Used In New Jersey Statutes 46:38A-26
- Custodial property: means any interest in property transferred to a custodian under this chapter and the income from and proceeds of that interest in property. See New Jersey Statutes 46:38A-2
- Custodian: means a person so designated under R. See New Jersey Statutes 46:38A-2
A custodian shall:
a. Take control of custodial property;
b. Register or record title to custodial property if appropriate; and
c. Collect, hold, manage, invest, and reinvest custodial property.
L. 1987, c. 18, s. 1.