{"data":{"id":"us-nj/n.j.-stat.-46-38a-27","jurisdiction":"us-nj","citation":"N.J. Stat. § 46:38A-27","heading":"Duty of care owed by custodian","body":"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.\nL. 1987, c. 18, s. 1.","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":"3c20f48ddecfc29db3a0b8c9f88a85ab7038ef4b4aeef38c5b58772ab53518b8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-46-38a-26","next":"us-nj/n.j.-stat.-46-38a-28"},"notice":"GroundRules: Original legal text. Not legal advice."}