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Current as of January 01, 2024 | Updated by Findlaw Staff
If the person entitled to a prize or any winning ticket is under the age of 18 years, and such prize is less than $5,000.00, the director may direct payment of the prize by delivery to an adult member of the minor's family or a guardian of the minor of a check or draft payable to the order of such minor. If the person entitled to a prize or any winning ticket is under the age of 18 years, and such prize is $5,000.00 or more, the director may direct payment to such minor by depositing the amount of the prize in any bank to the credit of an adult member of the minor's family or a guardian of the minor as custodian for such minor. The person so named as custodian shall have the same duties and powers as a person designated as a custodian in a manner prescribed by the “New Jersey Uniform Gifts to Minors Act,” P.L.1963, chapter 177 (C. 46:38-13 et seq.) 1 and for the purposes of this section the terms “adult member of a minor's family,” “guardian of a minor” and “bank” shall have the same meaning as in said act. The director shall be discharged of all further liability upon payment of a prize to a minor pursuant to this section.
Cite this article: FindLaw.com - New Jersey Statutes Title 5. Amusements, Public Exhibitions and Meetings 5 § 9-20 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-5-amusements-public-exhibitions-and-meetings/nj-st-sect-5-9-20/
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