N.J.S.A. 46:38A-43 — Designation of successor custodian by custodian

46:38A-43. Designation of successor custodian by custodian A custodian may, at any time, designate a trust company or an adult other than a transferor under R.S. 46:38A-8 as successor custodian by executing and dating an instrument of designation before a subscribing witness other than the successor. If the instrument of designation does not contain or is not accompanied by resignation of the custodian, the designation of the successor does not take effect until the custodian resigns, dies, becomes incapacitated, or is removed. L. 1987, c. 18, s. 1.

This is the verbatim text of N.J.S.A. 46:38A-43, 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.