New Jersey § 3b:15-16
Full text of New Jersey New Jersey Statutes § 3b:15-16, with citation guidance and answers to common questions.
§ 3b:15-16.
Deposit and investment. Where the estate of a minor for whom a guardian has been or is to be appointed by
a surrogate, consists of or is likely to consist of the proceeds of a judgment recovered
in favor of the minor in any court of this State, the court, on application of the
guardian or a person entitled to be appointed as guardian, by its order may dispense
with the giving of a bond by the guardian where the order directs that the moneys
be paid into the Superior Court for the benefit of the minor and that the moneys,
or any part thereof, shall be deposited to the credit of the court in an interest-bearing
account in, or in interest-bearing certificates of deposit of, a responsible bank,
savings bank or trust company, or in an account in, or in interest-bearing certificates
of deposit of, any savings and loan association of this State or any other state , or any federal savings and loan association within the United States , the accounts of which are insured by the Federal Deposit Insurance Corporation, designated by the court.
Frequently Asked Questions About New Jersey § 3b:15-16
What does New Jersey Statutes § 3b:15-16 cover?
Section 3b:15-16 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 § 3b:15-16?
A common citation format is "New Jersey Statutes § 3b:15-16" (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 § 3b:15-16 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.