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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in this chapter:
a. “Adult” means an individual who has attained the age of 21 years;
b. “Broker” means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others;
c. “Court” means the Superior Court;
d. “Custodial property” means any interest in property transferred to a custodian under this chapter and the income from and proceeds of that interest in property;
e. “Custodian” means a person so designated under R.S. 46:38A-19 or a successor or substitute custodian designated under R.S. 46:38A-42 through R.S. 46:38A-45;
f. “Financial institution” means a bank, trust company, savings institution, savings and loan association or credit union, chartered and supervised under State or federal law;
g. “Guardian” of a minor means a guardian of his estate or person;
h. “Legal representative” means an individual's personal representative or guardian;
i. “Member of the minor's family” means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption;
j. “Minor” means an individual who has not attained the age of 21 years;
k. “Person” means an individual, corporation, organization, or other legal entity;
l. “Personal representative” means an executor, administrator, successor personal representative of a decedent's estate or a person legally authorized to perform substantially the same functions but excludes a special administrator;
m. “State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States;
n. “Transfer” means a transaction that creates custodial property under R.S. 46:38A-19;
o. “Transferor” means a person who makes a transfer under this chapter;
p. “Trust company” means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.
Cite this article: FindLaw.com - New Jersey Statutes Title 46. Property 46 § 38A-2 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-46-property/nj-st-sect-46-38a-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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