LegalFix
Sign In

Section 46:38A-32 - Use of custodial property by custodian for benefit of minor

NJ Rev Stat § 46:38A-32 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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..

Previous Section
Section 46:38A-31 - Powers of custodian
Next Section
Section 46:38A-33 - Application to court for use of custodial property for benefit of minor