State Codes and Statutes
Statutes > New-jersey > Title-3b > Section-3b-12 > 3b-12-63B: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.
