reglab/housing_qa huggingface dataset:
NJ Rev Stat § 46:38A-22 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-22 - Single custodianship

46:38A-22. Single custodianship  A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this chapter by the same custodian for the benefit of the same minor constitutes a single custodianship.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-23 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-23 - Validity of transfer

46:38A-23. Validity of transfer  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.
NJ Rev Stat § 46:38A-24 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-24 - Transfer deemed irrevocable and vested in minor subject to rights, powers, duties and authority of custodian

46:38A-24. Transfer deemed irrevocable and vested in minor subject to rights, powers, duties and authority of custodian  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.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-25 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-25 - Transfer incorporates all provisions of chapter

46:38A-25. Transfer incorporates all provisions of chapter  By making a transfer, the transferor incorporates in the disposition all the provisions of this chapter and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this chapter.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-26 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-26 - Care of custodial property

46:38A-26. Care of custodial property  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.
NJ Rev Stat § 46:38A-27 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-27 - Duty of care owed by custodian

46:38A-27. Duty of care owed by custodian  In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute restricting investments by fiduciaries. If a custodian has a special skill or expertise or is named custodian on the basis of representations of a special skill or expertise, the custodian shall use that skill or expertise. A custodian may, in the custodian's discretion and without liability to the minor or the minor's estate, retain any custodial property received from a transferor.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-28 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-28 - Investment or payment of premiums on life insurance or endowment policies by custodian

46:38A-28. Investment or payment of premiums on life insurance or endowment policies by custodian  A custodian may invest in or pay premiums on life insurance or endowment policies on the life of the minor only if the minor or the minor's estate is the sole beneficiary, or the life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor's estate, or the custodian in the capacity of custodian is the irrevocable beneficiary. Source: New.  P.L. 1987, c. 18, s.1..
NJ Rev Stat § 46:38A-29 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-29 - Custodial property to be kept separate and distinct

46:38A-29. Custodial property to be kept separate and distinct  A custodian shall, at all times, keep custodial property separate and distinct from all other property in a manner sufficient to identify it clearly as custodial property of the minor. Custodial property consisting of an undivided interest is so identified if the minor's interest is held as a tenant in common and is fixed. Custodial property subject to recordation is so identified if it is recorded, and custodial property subject to registration is so identified if it is either registered, or held in an account designated, in the name of the custodian, followed in substance by the words: "as a custodian for ............................. (name of minor) under the New Jersey Uniform Transfers to Minors Act."  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-30 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-30 - Records to be kept by custodian

46:38A-30. Records to be kept by custodian  A custodian shall keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor's tax returns, and shall make them available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of 14 years.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-31 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-31 - Powers of custodian

46:38A-31. Powers of custodian  A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only, and this section does not relieve a custodian from liability for breach of R.S. 46:38A-26 through R.S. 46:38A-30.  A custodian may, in his discretion, terminate the custodianship at any time after the minor has attained the age of 18 years, but the power shall not be exercised by the custodian prior to a termination age fixed by the transferor as provided in subsection a. of R.S. 46:38A-52.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-32 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-32 - Use of custodial property by custodian for benefit of minor

46:38A-32. Use of custodial property by custodian for benefit of minor  A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to the duty or ability of the custodian personally or of any other person to support the minor, or any other income or property of the minor which may be applicable or available for that purpose. Source: New.  P.L. 1987, c. 18, s.1..
NJ Rev Stat § 46:38A-33 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-33 - Application to court for use of custodial property for benefit of minor

46:38A-33. Application to court for use of custodial property for benefit of minor  On application of an interested person or the minor if the minor has attained the age of 14 years, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-34 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-34 - Use of custodial property for benefit of minor not to affect obligation to support minor

46:38A-34. Use of custodial property for benefit of minor not to affect obligation to support minor  A delivery, payment, or expenditure under R.S. 46:38A-32 or R.S. 46:38A-33 is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-35 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-35 - Custodian's expenses

46:38A-35. Custodian's expenses  A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian's duties.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-36 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-36 - Custodian's compensation

46:38A-36. Custodian's compensation  Except for one who is a transferor under R.S. 46:38A-8, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-37 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-37 - Custodian's bond

46:38A-37. Custodian's bond  Except as provided in R.S. 46:38A-47, a custodian need not give a bond.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-38 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-38 - Exemption of third person from liability

46:38A-38. Exemption of third person from liability  A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining:  a. The validity of the purported custodian's designation;  b. The propriety of, or the authority under this chapter for, any act of the purported custodian;  c. The validity or propriety under this chapter of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or  d. The propriety of the application of any property of the minor delivered to the purported custodian.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-39 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-39 - Liability to third persons generally

46:38A-39. Liability to third persons generally  A claim based on a contract entered into by a custodian acting in a custodial capacity, an obligation arising from the ownership or control of custodial property, or a tort committed during the custodianship, may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable therefor.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-40 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-40 - Liability of custodian to third persons

46:38A-40. Liability of custodian to third persons  A custodian is not personally liable:  a. On a contract properly entered into in the custodial capacity unless the custodian fails to reveal that capacity and to identify the custodianship in the contract; or  b. For an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-41 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-41 - Liability of minor to third persons

46:38A-41. Liability of minor to third persons  A minor is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-42 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-42 - Custodian declining to serve, designation of successor custodian

46:38A-42. Custodian declining to serve, designation of successor custodian  A person nominated under R.S. 46:38A-6 or designated under R.S. 46:38A-19 as custodian may decline to serve by delivering an instrument in writing to the person who made the nomination or to the transferor or the transferor's legal representative. If the event giving rise to a transfer has not occurred and a substitute custodian able, willing, and eligible to serve was not nominated under R.S. 46:38A-6, the person who made the nomination may nominate a substitute custodian under R.S. 46:38A-6; otherwise the transferor or the transferor's legal representative shall designate a substitute custodian at the time of the transfer, in either case from among the persons eligible to serve as custodian for that kind of property under R.S. 46:38A-19. The custodian so designated has the rights of a successor custodian.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-43 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-43 - Designation of successor custodian by custodian

46:38A-43. Designation of successor custodian by custodian  A custodian may, at any time, designate a trust company or an adult other than a transferor under R.S. 46:38A-8 as successor custodian by executing and dating an instrument of designation before a subscribing witness other than the successor. If the instrument of designation does not contain or is not accompanied by resignation of the custodian, the designation of the successor does not take effect until the custodian resigns, dies, becomes incapacitated, or is removed.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-44 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-44 - Resignation of custodian; notice; delivery of custodial property

46:38A-44. Resignation of custodian; notice; delivery of custodial property  A custodian may resign at any time by delivering written notice to the minor if the minor has attained the age of 14 years and to the successor custodian and by delivering the custodial property to the successor custodian. L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-45 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-45 - Designation successor custodian when custodian is ineligible, dies or becomes incapacitated

46:38A-45. Designation successor custodian when custodian is ineligible, dies or becomes incapacitated  If a custodian is ineligible, dies or becomes incapacitated without having effectively designated a successor custodian and the minor has attained the age of 14 years, the minor may, in the manner prescribed in R.S. 46:38A-44, designate an adult member of the minor's family, the guardian of the minor's estate or a trust company as successor custodian. If the minor has not attained the age of 14 years or if the minor has attained the age of 14 years and fails to act within 60 days after the ineligibility, death, or incapacity, the guardian of the minor's estate shall become the successor custodian. If there is no guardian of the minor's estate or the guardian declines to act, the transferor, the legal representative of the transferor or of the custodian, an adult member of the minor's family, or any other interested person may apply to the court to designate a successor custodian.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-46 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-46 - Delivery of custodial property to successor custodian

46:38A-46. Delivery of custodial property to successor custodian  A custodian who declines to serve under R.S. 46:38A-42 or resigns under R.S. 46:38A-44, or the legal representative of a deceased or incapacitated custodian, as soon as practicable, shall deliver the custodial property and records into the possession and control of the successor custodian. The successor custodian may apply to the court to enforce the obligation to deliver custodial property and records and becomes responsible for each item as received.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-47 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-47 - Removal of custodian; bond

46:38A-47. Removal of custodian; bond  A transferor, the legal representative of a transferor, an adult member of the minor's family, a guardian of the estate or person of the minor, or the minor if the minor has attained the age of 14 years may apply to the court to remove the custodian for cause and to designate a successor custodian other than a transferor under R.S. 46:38A-8 or to require the custodian to give appropriate bond.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-48 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-48 - Accounting by and determination of liability of custodian

46:38A-48. Accounting by and determination of liability of custodian  A minor who has attained the age of 14 years, the guardian of the estate or person of the minor or legal representative of the minor, an adult member of the minor's family, a transferor, or a transferor's legal representative may apply to the court for:  a. An accounting by the custodian or the custodian's legal representative; or  b. A determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under R.S. 46:38A-39 through R.S. 46:38A-41 to which the minor or the minor's legal representative was a party.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-49 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-49 - Accounting by predecessor custodian

46:38A-49. Accounting by predecessor custodian  A successor custodian may apply to the court for an accounting by the predecessor custodian.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-50 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-50 - Accounting required or permitted by the court

46:38A-50. Accounting required or permitted by the court  The court, in a proceeding under this chapter or in any other proceeding, may require or permit the custodian or the custodian's legal representative to account.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-51 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-51 - Accounting and order for delivery of custodial property upon removal of custodian

46:38A-51. Accounting and order for delivery of custodial property upon removal of custodian  If a custodian is removed under R.S. 46:38A-47, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-52 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-52 - Termination of custodianship

46:38A-52. Termination of custodianship  The custodian shall, in an appropriate manner, transfer the custodial property to the minor or to the minor's estate upon the earlier of:  a. The minor's attainment of 21 years of age with respect to custodial property transferred under R.S. 46:38A-8 or R.S. 46:38A-9, unless the transferor, at the time the transfer is made, has expressly directed or the governing will or trust expressly directs that the custodianship may be terminated at an earlier stated age after the minor attains the age of 18 years;  b. The minor's attainment of majority under the laws of this State other than this chapter with respect to custodial property transferred under R.S. 46:38A-12 or R.S. 46:38A-13; or  c. The minor's death.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-53 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-53 - Applicability of chapter

46:38A-53. Applicability of chapter  This chapter applies to a transfer within the scope of R.S. 46:38A-3, R.S. 46:38A-4 and R.S. 46:38A-5 made after its effective date if:  a. The transfer purports to have been made under the "New Jersey Uniform Gifts to Minors Act," P.L. 1963, c. 177 (C. 46:38-13 et seq.); or  b. The instrument by which the transfer purports to have been made uses in substance the designation "as custodian under the Uniform Gifts to Minors Act" or "as custodian under the Uniform Transfers to Minors Act" of any other state, and the application of this chapter is necessary to validate the transfer.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-54 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-54 - Validation of certain transfers

46:38A-54. Validation of certain transfers  Any transfer of custodial property as now defined in this chapter made before the effective date of this chapter is validated, notwithstanding that there was no specific authority in the "New Jersey Uniform Gifts to Minors Act," P.L. 1963, c. 177 (C. 46:38-13 et seq.) for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made. Source: New.  P.L. 1987, c. 18, s.1..
NJ Rev Stat § 46:38A-55 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-55 - Construction

46:38A-55. Construction  This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-56 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-56 - Reservation of power

46:38A-56. Reservation of power  The Legislature reserves the power to amend, supplement or repeal this chapter.  L. 1987, c. 18, s. 1.
NJ Rev Stat § 46:38A-57 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:38A-57 - Laws repealed

46:38A-57. Laws repealed  The following are repealed effective July 1, 2007: P.L. 1963, c. 177, ss. 1 through 18 inclusive, 20 through 24 inclusive, 26 through 29 inclusive (C. 46:38-13 to C. 46:38-30 inclusive, C. 46:38-32 to C. 46:38-36 inclusive, C. 46:38-38 to C. 46:38-41 inclusive); P.L. 1981, c. 377, ss. 6, 7 and 12 (C. 46:38-19.1, C. 46:38-20.1 and C. 46:38-24.1).  P.L. 1987, c. 18, s.1..
NJ Rev Stat § 46:39-1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:39-1 - Rental by two or more acting as co-executors, co-administrators, co-guardians, co-trustees, co-receivers; accessibility

46:39-1. Rental by two or more acting as co-executors, co-administrators, co-guardians, co-trustees, co-receivers; accessibility  When a safe-deposit box or other receptacle for the safekeeping of personal property is rented to two or more persons acting as co-executors, co-administrators, co-guardians, co-trustees or co-receivers, access to such safe-deposit box or other receptacle may be allowed as follows, as the contract of renting shall provide: (a) by any one or more of such persons acting as co-executors; (b) by any one or more of the persons acting as co-administrators, co-guardians, co-trustees or co-receivers, when authorized in a writing signed by the other person or all other persons so acting; (c) by any agent authorized in a writing signed by all the persons acting as co-executors, co-administrators, co-guardians, co-trustees or co-receivers. L.1955, c. 151, p. 644, s. 1, eff. July 18, 1955.
NJ Rev Stat § 46:39-2 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:39-2 - Rental by one acting as sole executor, etc.; accessibility by authorized agent

46:39-2. Rental by one acting as sole executor, etc.; accessibility by authorized agent  When a safe-deposit box or other receptacle for the safekeeping of personal property is rented to a person acting as sole executor, administrator, guardian, trustee or receiver, access to the safe-deposit box or other receptacle may be allowed by any agent authorized in a writing signed by the person so acting. L.1955, c. 151, p. 645, s. 2.