Public-domain · open source
OpenJurist

N.J. Stat. Ann. § 46:30B-58

Establishment by owner of right to property before payment or delivery; erroneous presumption of abandonment

Known as the Uniform Unclaimed Property Act

The act spans §§ 46:30B-1 to 46:30B-99 (136 sections).

L.1989, c.58, s.1; amended 1995,c.152,s.3.

Establishment by owner of right to property before payment or delivery; erroneous presumption of abandonment. If the owner establishes the right to receive the abandoned property to the satisfaction of the holder before the property has been delivered or it appears that for some other reason the presumption of abandonment is erroneous, the holder need not pay or deliver the property to the administrator, and the property will no longer be presumed abandoned. In that case, the holder shall file with the administrator a verified written explanation of the proof of claim or of the error in the presumption of abandonment, except that a fiduciary holding property initially thought to be payable to unknown heirs of an intestate decedent and presumed abandoned under R.S.46:30B-37.1 shall not be required to file such verified written explanation.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.