54:34-1.1 - Irrevocable disposition of reserved income, rights, etc., over property transferred 3 years prior to death - New Jersey Statutes

54:34-1.1.  Irrevocable disposition of reserved income, rights, etc., over property transferred 3 years prior to death
    A transfer of property by deed, grant, bargain, sale or gift wherein the transferor is entitled to some income, right, interest or power, either expressly or by operation of law, shall not be deemed a transfer intended to take effect at or after transferor's death if the transferor, more than 3 years  prior to death, shall have executed an irrevocable and complete disposition of  all reserved income, rights, interests and powers in and over the property  transferred.

     L.1955, c. 135, p. 623, s. 1.