{"data":{"id":"us-nj/n.j.-stat.-46-38-20.1","jurisdiction":"us-nj","citation":"N.J. Stat. § 46:38-20.1","heading":"Taking effect of designation of successor custodian","body":"The designation of a successor custodian takes effect as to each item of the custodial property when the custodian resigns, dies or becomes legally incapacitated and the custodian or his legal representative:\na.   Causes the item, if it is a security in registered form or a life insurance or endowment policy or annuity contract, to be registered, with the issuing insurance company in the case of a life insurance policy or annuity con-  tract, in the name of the successor custodian followed, in substance, by the  words:  \"as custodian for........................ (name of minor)  under the New Jersey Uniform Gifts to Minors Act\" ; and\nb.   Delivers or causes to be delivered to the successor custodian any other item of the custodial property, together with the instrument of designation of the successor custodian or a true copy thereof and any additional instruments required for the transfer thereof to the successor custodian.\nL. 1981, c. 377, s. 7, eff. March 1, 1982; repealed R.S. 46:38A-57 (effective July 1, 2007).","path":["TITLE 46 PROPERTY"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b2add556f8db18b4332f7f2a0c8c174c0859545b71ba2154f63e237eab7c2f22","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-46-38-20","next":"us-nj/n.j.-stat.-46-38-21"},"notice":"GroundRules: Original legal text. Not legal advice."}