New Jersey § 18a:71b-45
Full text of New Jersey New Jersey Statutes § 18a:71b-45, with citation guidance and answers to common questions.
§ 18a:71b-45.
a. Nothing in this article shall be construed to: (1) guarantee that a designated beneficiary will be admitted to a higher education
institution or be allowed to continue enrollment at or graduate from a higher education
institution after admission; (2) establish State residency for a person merely because the person is a designated
beneficiary; or (3) guarantee that amounts saved pursuant to the program will be sufficient to cover
the qualified higher education expenses of a designated beneficiary. b. Nothing in this article establishes any obligation of this State or any agency
or instrumentality of this State to guarantee for the benefit of any contributor or
designated beneficiary any of the following: (1) the rate of interest or other return on any account; or (2) the payment of interest or other return on any account. c. Nothing in this article establishes any obligation or liability of this State or
any agency or instrumentality of this State with respect to any federal or State tax
liability of any contributor or designated beneficiary in this program. d. Under regulations promulgated by the authority, every contract and application
that may be used in connection with a contribution to an account shall clearly indicate
that the account is not insured by this State nor is the investment return guaranteed
by this State.
Frequently Asked Questions About New Jersey § 18a:71b-45
What does New Jersey Statutes § 18a:71b-45 cover?
Section 18a:71b-45 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 § 18a:71b-45?
A common citation format is "New Jersey Statutes § 18a:71b-45" (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 § 18a:71b-45 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.