New Jersey § 17:12b-91
Full text of New Jersey New Jersey Statutes § 17:12b-91, with citation guidance and answers to common questions.
§ 17:12b-91.
When a membership account is opened by a person or persons payable on death to a beneficiary
or beneficiaries in the manner provided in the “Multiple-party Deposit Account Act,” 1 and the amount is terminated as provided in section 5b(2) of said act, 2 and where one or more of the named beneficiaries are under 16 years of age and the
remainder of the named beneficiaries are 16 years of age or over, the associations
shall pay the moneys to the credit of the trust, less all proper set-offs and charges
to: a. The named beneficiaries 16 years of age or over at the time of termination of
said account shall be paid pursuant to section 89 of this act, 3 and b. The named beneficiaries under 16 years of age at the time of termination of said
account shall be paid pursuant to section 90 of this act. 1
N.J.S.A. § 17:16I-1 et seq. 2
N.J.S.A. § 17:16I-5. 3
N.J.S.A. § 17:12B-89.
Frequently Asked Questions About New Jersey § 17:12b-91
What does New Jersey Statutes § 17:12b-91 cover?
Section 17:12b-91 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:12b-91?
A common citation format is "New Jersey Statutes § 17:12b-91" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-91 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.