2015 New Jersey Revised Statutes
Title 3B - ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS
Section 3B:12-6 - Circumstances under which money may be paid or personal property delivered.
3B:12-6 Circumstances under which money may be paid or personal property delivered.
3B:12-6. Circumstances under which money may be paid or personal property delivered.
Any person under a duty to pay or deliver money or personal property to a minor may perform this duty, in amounts not exceeding $5,000.00 per annum, by paying or delivering the money or property to:
a.The minor, if married;
b.A parent or parents of the minor;
c.Any person having the care and custody of the minor with whom the minor resides;
d.A guardian of the person of the minor; or
e.A financial institution incident to a deposit in a federally insured savings account in the sole name of the minor and giving written notice of the deposit to the minor.
Amended 2005, c.304, s.6.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
