§ 46-38-16

46:38-16. Custodial gift A gift made on or after the effective date of this act in a manner prescribed in section 3 of this act is a 'custodial gift' and as such is governed by this act. It is such whether or not the person designated custodian is eligible to serve, and whether or not there is a failure to comply with one or more sections of this act other than section 3. L. 1963, c. 177, s.4; repealed R.S. 46:38A-57 (effective July 1, 2007).