46:38A-23 - Validity of transfer - New Jersey Statutes

46:38A-23.   Validity of transfer
    The validity of a transfer made in a manner prescribed in this chapter is not affected by:

   a.   Failure of the transferor to comply with R.S. 46:38A-22 concerning possession and control;

   b.   Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under R.S. 46:38A-19; or

   c.   Death or incapacity of a person nominated under R.S. 46:38A-6 and R.S. 46:38A-7 or designated under R.S. 46:38A-19 as custodian or the disclaimer of the office by that person.

   L. 1987, c. 18, s. 1.