46:38-19.1 - Resignation, death or removal of custodian; designation of successor custodian - New Jersey Statutes

46:38-19.1.  Resignation, death or removal of custodian; designation of successor custodian
     a.   A custodian may, before he renounces, dies, resigns or is removed from office, designate a successor custodian if the donor has failed to designate a successor.  The custodian may designate his successor by executing and dating an instrument of designation before a subscribing witness other than the successor.  The instrument of designation may but need not contain the resignation of the custodian.

    b.   In the absence of an effective designation of a successor custodian by the custodian, the donor may designate a successor by executing and dating an instrument of designation before a subscribing witness other than the successor.

    c.   In the absence of an effective designation of a successor custodian by either the custodian or donor, the guardian of the minor shall become successor custodian; in the absence of a guardian, the minor, if he has attained the age of 14 years, may designate a successor custodian by executing an instrument of designation before a subscribing witness other than the successor.

    d.   If the minor has no guardian and if no successor custodian who is eligible and has not died or become legally incapacitated has been designated as a successor custodian, the legal representative of the donor, the legal representative of the custodian or an adult member of the minor's family may apply to the court for the designation of a successor custodian.

    e.   A successor custodian has all the rights, powers, duties and immunities of a custodian designated in a manner prescribed by this act.

    L. 1981, c. 377, s. 6, eff. March 1, 1982; repealed R.S. 46:38A-57 (effective July 1, 2007).