N.J. Stat. § 17:16I-14
Effect of transfer by right of survivorship
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
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- Citation
- N.J. Stat. § 17:16I-14, Effect of transfer by right of survivorship, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443418
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Full text
Any transfers resulting from the application of section 5 are effective by reason of the account contracts involved and this act, and are not to be considered as testamentary. The right of any surviving party to a joint account, or of any beneficiary, or of any P.O.D. payee, to the sums on deposit on the death of any party to a multiple-party account maintained in any financial institution, shall not be denied, abridged or in anywise affected because such right has not been created by a writing executed in accordance with the laws of this State prescribing the requirements to effect a valid testamentary disposition of property.