State Codes and Statutes

Statutes > New-jersey > Title-46 > Section-46-38a > 46-38a-14

46:38A-14.   Conditions under which certain transfers may be made by a personal representative, trustee or guardian
    A transfer may be made under R.S. 46:38A-12 or R.S. 46:38A-13 only if:

   a.   The personal representative, trustee or guardian considers the transfer to be in the best interest of the minor;

   b.   The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, other governing instrument or law; and

   c.   The transfer is authorized by the court if it exceeds $10,000.00 in value.

   L. 1987, c. 18, s. 1.