N.J.S.A. 3B:12-6 — Circumstances under which money may be paid or personal property delivered.

3B:12-6 Circumstances under which money may be paid or personal property delivered. 3B:12-6. Circumstances under which money may be paid or personal property delivered. Any person under a duty to pay or deliver money or personal property to a minor may perform this duty, in amounts not exceeding $5,000.00 per annum, by paying or delivering the money or property to: a. The minor, if married; b. A parent or parents of the minor; c. Any person having the care and custody of the minor with whom the minor resides; d. A guardian of the person of the minor; or e. A financial institution incident to a deposit in a federally insured savings account in the sole name of the minor and giving written notice of the deposit to the minor. Amended 2005, c.304, s.6.

This is the verbatim text of N.J.S.A. 3B:12-6, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.