reglab/statecodes huggingface dataset:
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-60.1 - Transfer of ownership after delivery with report.

46:30B-60.1 Transfer of ownership after delivery with report.
46:30B-60.1. Transfer of ownership after delivery with report. When a certificate or other evidence of ownership, or a bond or other debt security, registered in the name of a person is delivered to the administrator pursuant to any provision of this chapter and is presented by the administrator to the issuer thereof or its agent, the issuer shall transfer and register it in the name of "Treasurer, State of New Jersey," and a new certificate or security, so registered, shall be delivered to the administrator. The issuer and its transfer agent, registrar, or other person acting on behalf of the issuer in executing and delivering the certificate or security shall be fully and automatically relieved from any liability to any person for any loss or damage caused by the transfer, issuance, and delivery of the certificate or security to the administrator.
A record of the issuance of a check, draft, or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the administrator's burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument and passage of the requisite period of abandonment. Defenses of payment, satisfaction, discharge, and want of consideration are affirmative defenses that shall be established by the holder.
If the property reported to the administrator is a security or security entitlement under Subchapter 8 of the Uniform Commercial Code-Investment Securities, N.J.S.12A:8-101 et seq., the administrator is an appropriate person to make an endorsement, instruction, or entitlement order on behalf of the apparent owner to invoke the duty of the issuer or its transfer agent or the securities intermediary to transfer or dispose of the security or the security entitlement in accordance with Subchapter 8 of the Uniform Commercial Code-Investment Securities.
If the holder of the property reported to the administrator is the issuer of a certified security, the administrator has the right to obtain a replacement certificate pursuant to N.J.S.12A:8-405 of the Uniform Commercial Code-Investment Securities, but an indemnity bond is not required.
An issuer, the holder, any transfer agent or other person acting pursuant to the instructions of and on behalf of the issuer or holder in accordance with this section is not liable to the apparent owner and shall be indemnified against claims of any person in accordance with R.S.46:30B-65.
L.1989, c.58, s.1; amended 2002, c.35, s.45.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-61 - Custody by state; holder relieved from liability

46:30B-61. Custody by state; holder relieved from liability
46:30B-61. Custody by state; holder relieved from liability. Upon the payment or delivery of property to the administrator, the state assumes custody and responsibility for the safekeeping of the property. A person who pays or delivers property to the administrator in good faith is relieved of all liability to the extent of the value of the property paid or delivered for any claim then existing or which thereafter may arise or be made in respect to the property. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-62 - Reimbursement of holder paying claim.

46:30B-62 Reimbursement of holder paying claim.
46:30B-62. Reimbursement of holder paying claim. A holder who has paid money to the administrator pursuant to this chapter may make payment to any person appearing to the holder to be entitled to payment and, upon filing proof of payment and proof that the payee was entitled thereto, the administrator shall promptly reimburse the holder for the payment without imposing any fee or other charge. If reimbursement is sought for a payment made on a negotiable instrument, including a stored value card, travelers check or money order, the holder shall be reimbursed under this section upon filing proof that the instrument was duly presented and that payment was made to a person who appeared to the holder to be entitled to payment. The holder shall be reimbursed for payment made under this section even if the payment was made to a person whose claim was barred under R.S.46:30B-88.
amended 2010, c.25, s.7.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-63 - Holder reclaiming property for owner

46:30B-63. Holder reclaiming property for owner
46:30B-63. Holder reclaiming property for owner. A holder who had delivered property (including a certificate of any interest in a business association) other than money to the administrator pursuant to this chapter may reclaim the property if still in the possession of the administrator, without paying any fee or other charge, when filing proof that the owner has claimed the property from the holder. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-64 - Proof by holder to recover money or property

46:30B-64. Proof by holder to recover money or property
46:30B-64. Proof by holder to recover money or property. The administrator may accept the holder's affidavit as sufficient and proper under this article. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-65 - Defending and indemnifying holder against claims for property paid or delivered.

46:30B-65 Defending and indemnifying holder against claims for property paid or delivered.
46:30B-65. Defending and indemnifying holder against claims for property paid or delivered. If the holder pays or delivers property to the administrator in good faith and thereafter another person claims the property from the holder or another state claims the money or property under its laws relating to escheat or abandoned or unclaimed property, the administrator, upon written notice of the claim, shall defend the holder against the claim and indemnify the holder against any liability on the claim to the extent of the property paid or delivered to the administrator on behalf of the apparent owner.
L.1989, c.58, s.1; amended 2002, c.35, s.46.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-66 - "Good faith" defined

46:30B-66. "Good faith" defined
46:30B-66. "Good faith" defined. For the purposes of this article, "good faith" means that:
a. Payment or delivery was made in a reasonable attempt to comply with this chapter;
b. The person delivering the property was not a fiduciary then in breach of trust in respect to the property and had a reasonable basis for believing, based on the facts then known to him, that the property was abandoned for the purposes of this chapter; and
c. There is no showing that the records pursuant to which the delivery was made did not meet reasonable commercial standards of practice in the industry. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-67 - Payment of safe deposit box or repository charges.

46:30B-67. Payment of safe deposit box or repository charges.
46:30B-67. Payment of safe deposit box or repository charges. Property removed from a safe deposit box or other safekeeping repository is received by the administrator subject to the holder's right under this section to be reimbursed for the actual cost of the opening and to any valid lien or contract providing for the holder to be reimbursed for unpaid rent or storage charges, which the administrator shall reimburse or pay the holder out of the proceeds remaining after deducting the administrator's selling costs. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-68 - Crediting dividends, interest or other increments to owner's account

46:30B-68. Crediting dividends, interest or other increments to owner's account
46:30B-68. Crediting dividends, interest or other increments to owner's account. Whenever property other than money is paid or delivered to the administrator under this chapter, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the property at or before liquidation or conversion thereof into money. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-69 - Sale of abandoned property

46:30B-69. Sale of abandoned property
46:30B-69. Sale of abandoned property. Except as provided in R.S.46:30B-70 and R.S.46:30B-71, the administrator shall, within three years after the receipt of abandoned property, sell it to the highest bidder at public sale in whatever municipality in the state affords in the judgment of the administrator the most favorable market for the property involved. The administrator may decline the highest bid and reoffer the property for sale if in the judgment of the administrator the bid is insufficient. If in the judgment of the administrator the probable cost of sale exceeds the value of the property, it need not be offered for sale. Except as provided in R.S.46:30B-72.1, any sale held under this section shall be preceded by a single publication of notice, at least three weeks in advance of sale, in a newspaper of general circulation in the county in which the property is to be sold. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-70 - Sale price of securities

46:30B-70. Sale price of securities
46:30B-70. Sale price of securities. Securities listed on an established stock exchange shall be sold at prices prevailing at the time of sale on the exchange. Other securities may be sold over the counter at prices prevailing at the time of sale or by any other method the administrator considers advisable. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-71 - Securities to be held one year before sale; exception

46:30B-71. Securities to be held one year before sale; exception
46:30B-71. Securities to be held one year before sale; exception. Unless the administrator considers it to be in the best interest of the State to do otherwise, all securities, other than those presumed abandoned under Article 10 of this chapter, delivered to the administrator shall be held for at least one year before he may sell them. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-72 - Securities to be held one year before sale; rights of claimant if securities sold before or after end of one-year period.

46:30B-72 Securities to be held one year before sale; rights of claimant if securities sold before or after end of one-year period.
46:30B-72. Securities to be held one year before sale; rights of claimant if securities sold before or after end of one-year period. Unless the administrator considers it to be in the best interest of the State to do otherwise, all securities presumed abandoned under Article 10 of this chapter and delivered to the administrator shall be held for one year before the administrator may sell them. If the administrator sells any securities delivered pursuant to Article 10 of this chapter before the expiration of the one-year period, any person making a claim pursuant to this chapter before the end of the one-year period is entitled to either the proceeds of the sale of the securities or the market value of the securities at the time the claim is made, whichever amount is greater, less any deduction for fees pursuant to R.S.46:30B-75. If the value of the securities is less than the cost of re-registration, then the owner shall have the option to pay the re-registration fee and receive the security or be paid the present value of the security. A person making a claim under this chapter after the expiration of this period is entitled to receive either the securities delivered to the administrator by the holder, if they still remain in the hands of the administrator, or the proceeds received from sale, less any amounts deducted pursuant to R.S.46:30B-75, but no person has any claim under this chapter against the State, the holder, any transfer agent, registrar, or other person acting for or on behalf of a holder for any appreciation in the value of the property occurring after delivery by the holder to the administrator.
L.1989, c.58, s.1; amended 2002, c.35, s.47.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-72.1 - Sale of tangible property

46:30B-72.1. Sale of tangible property
46:30B-72.1. Sale of tangible property. Regarding the sale of tangible property, such as jewelry and works of art, the administrator shall follow the specifications for payment of safe deposit box or repository charges set forth in R.S.46:30B-67, and shall proceed with the sale as follows:
a. Thirty days prior to the public sale, notification by standardized form shall be sent to the last known address of the owner by registered or certified mail.
b. Ten days prior to the public sale, legal notice of abandoned property and intent to auction shall be advertised in a regularly published local newspaper.
c. An itemized list of auctionable items shall be prepared by the administrator, identifying each by owner, box and item number. The list shall be prepared in duplicate, the original to be given to the auctioneer, and the copy to be retained on file at the office of the administrator.
d. The holder of the unclaimed property shall receive due compensation, as specified in R.S.46:30B-67.
e. The office of the administrator shall receive compensation equal to the amount due for the cost of mailing the notice of public auction, and newspaper notices, and a sum equal to the break-open charge of the safe deposit box, to be forwarded to the office of the administrator and used for activities consistent with the execution of the duties of that office.
f. Any remaining balance of funds shall be taken into the custody of the State of New Jersey pursuant to this act.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-73 - Rights of purchaser of property

46:30B-73. Rights of purchaser of property
46:30B-73. Rights of purchaser of property. The purchaser of property at any sale conducted by the administrator pursuant to this chapter takes the property free of all claims of the owner or previous holder thereof and of all persons claiming through or under them. The administrator shall execute all documents necessary to complete the transfer of ownership. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-75 - Investment, reinvestment of moneys deposited.

46:30B-75 Investment, reinvestment of moneys deposited.
46:30B-75. The administrator shall invest and reinvest all moneys deposited into the Unclaimed Personal Property Trust Fund and the Unclaimed Utility Deposits Trust Fund in the State of New Jersey Cash Management Fund or in bonds or interest-bearing notes or obligations a. of the United States, or b. guaranteed as to principal and interest by the United States, or c. for the payment of the principal and interest of which the full faith and credit of the United States are distinctly pledged, or d. of the State of New Jersey, or e. of a governmental entity of the State of New Jersey.
L.1989, c.58, s.1; amended 2000, c.132, s.6.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-76 - Record to be maintained by administrator.

46:30B-76 Record to be maintained by administrator.
46:30B-76. Record to be maintained by administrator. Before making any deposit of funds as provided in R.S.46:30B-74, the administrator shall record the name and last known address of each person appearing from the holder's reports to be entitled to the property. However, the administrator shall not include in this record any information deemed confidential under R.S.46:30B-76.1. The record of the name and last known address only shall be available for the public inspection at all reasonable business hours.
L.1989, c.58, s.1; amended 2002, c.35, s.48.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-76.1 - Confidentiality of certain records.

46:30B-76.1 Confidentiality of certain records.
46:30B-76.1. Confidentiality of certain records. Any record or information other than name and address is deemed confidential when revealed or delivered to the administrator and shall not be considered a public record under section 2 of P.L.1963, c.73 (C.47:1A-2).
L.1989, c.58, s.1; amended 2002, c.35, s.49.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-76.2 - Disclosure of confidential information.

46:30B-76.2 Disclosure of confidential information.
46:30B-76.2. Disclosure of confidential information. Confidential information concerning any aspect of unclaimed property shall be disclosed only to an apparent owner or an administrator or official of another state for escheat or unclaimed or abandoned property, if that other state accords substantially reciprocal privileges to the administrator.
Documents and working papers may be:
used by the administrator in the course of an action to collect unclaimed property or otherwise enforce chapter 30B of Title 46 of the Revised Statutes;
used in joint examinations conducted with or pursuant to an agreement with another state, the federal government, or any other governmental subdivision, agency, or instrumentality;
produced pursuant to subpoena or court order; or
disclosed to the abandoned property office of another state for that state's use in circumstances equivalent to those described in this section, if the state is bound to keep the documents and papers confidential.
L.1989, c.58, s.1; amended 2002, c.35, s.50.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-76.3 - Access to confidential information

46:30B-76.3. Access to confidential information
46:30B-76.3. Access to confidential information. Notwithstanding any other provision of law, upon request of the administrator, all persons and governmental entities in this State shall provide to the administrator the address and any other identification or information which could reasonably be used to locate the apparent owner of unclaimed property. Even if the information or record requested by the administrator is deemed confidential under any other law or regulation of this State, that information or record shall be furnished to the administrator. The administrator or any employee or agent of the administrator may not use or disclose the information or record except as necessary in attempting to locate the apparent owner of unclaimed property or as otherwise specifically set forth in this chapter.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-77 - Filing claim; another state excluded.

46:30B-77 Filing claim; another state excluded.
46:30B-77. Filing claim; another state excluded. a. A person, excluding another state, claiming an interest in any property paid or delivered to the administrator may file with the administrator a claim on a form prescribed by the administrator and verified by the claimant.
b. The administrator shall allow the claim of persons asserting entitlement as heirs to the property of an intestate decedent paid or delivered to the administrator pursuant to N.J.S.3B:5-5 only upon receipt of (1) substantial credible evidence of heirship, (2) satisfactory evidence that a diligent investigation to locate all heirs of the decedent has been concluded, (3) the names, last known addresses, and a description of the relationships of all of the heirs of the decedent discovered as a result of that investigation, or otherwise, and (4) a release and refunding bond or other instrument satisfactory to the administrator, providing the administrator and the State with full indemnity for claims by other heirs of the decedent. The administrator shall make payment or delivery as otherwise provided in this article to the heirs in shares as prescribed in N.J.S.3B:5-3 through N.J.S.3B:5-14.
If the holder has filed an inaccurate or incomplete report and an owner makes a claim for the return of the property and the administrator is unable to determine if the property was reported or delivered, then the holder shall either file an amended accurate and complete report within 120 days of notice by the administrator or directly pay the owner and thereafter make a claim for reimbursement in accordance with R.S.46:30B-62. It shall be the holder's burden to establish that the owner's property was delivered with the original report.
L.1989, c.58, s.1; amended 1995, c.152, s.4; 2002, c.35, s.51.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-78 - Time to consider claim; notice of denial.

46:30B-78 Time to consider claim; notice of denial.
46:30B-78. Time to consider claim; notice of denial. The administrator shall consider each claim within 120 days after it is filed or, in the case of a claim of a person asserting an entitlement as an heir to the property of an intestate decedent, within 120 days of the claimant's submission of the matters (1) through (4) required in subsection b. of R.S.46:30B-77, and give written notice to the claimant if the claim is denied in whole or in part. The notice may be given by mailing it to the last address, if any, stated in the claim as the address to which notices are to be sent. If an address for notices is not stated in the claim, the notice may be mailed to the last address, if any, of the claimant as stated in the claim. A notice of denial need not be given if the claim fails to state either the last address to which notices are to be sent or the address of the claimant.
L.1989, c.58, s.1; amended 1995, c.152, s.5; 2002, c.35, s.52.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-79 - Payment of claim.

46:30B-79 Payment of claim.
46:30B-79. Payment of claim. If a claim is allowed, the administrator shall pay over or deliver to the claimant the property or the amount the administrator actually received or the net proceeds if it has been sold by the administrator, together with any additional amount required by Article 21 of this chapter. If the claim is for property presumed abandoned under Article 10 of this chapter which was sold by the administrator within one year after the date of delivery, the amount payable for that claim is the net proceeds of sale. At the time a claim is allowed, the administrator shall pay to the claimant interest upon the monies of the claimant for the period during which those monies were in the custody of the administrator, but interest shall not be payable for any period before the effective date of this chapter. The rate of interest shall be periodically fixed by the administrator.
L.1989, c.58, s.1; amended 2002, c.35, s.53.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-79.1 - Certain claims treated as refund of tax for satisfying debt.

46:30B-79.1 Certain claims treated as refund of tax for satisfying debt.
1. If a person is allowed a claim for unclaimed property filed pursuant to R.S.46:30B-77, the Administrator shall treat the payment as a refund of tax for the limited purpose of satisfying debt, if any, through the Setoff of Individual Liability program established pursuant to section 1 of P.L.1981, c.239 (C.54A:9-8.1).
L.2017, c.159, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-80 - Holder paying claim; interest

46:30B-80. Holder paying claim; interest
46:30B-80. Holder paying claim; interest. Any holder who pays the owner for property that has been delivered to the State and which, if claimed from the administrator would be subject to R.S.46:30B-79, shall add interest as provided in R.S.46:30B-79. The added interest shall be repaid to the holder by the administrator in the same manner as the principal. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-81 - Grounds for recovery of property by another state.

46:30B-81 Grounds for recovery of property by another state.
46:30B-81. Grounds for recovery of property by another state. After property has been paid or delivered to the administrator under this chapter another state may recover the property if:
a. The property was paid or delivered to the custody of this State because the records of the holder did not reflect a last known location of the apparent owner within the borders of the other state and the other state establishes that the apparent owner or other person entitled to the property was last known to be located within the borders of that state and under the laws of that state the property has escheated or become subject to a claim of abandonment by that state;
b. The property was paid or delivered to the custody of this State because the laws of the other state did not provide for the escheat or custodial taking of the property and under the laws of that state subsequently enacted the property has escheated to or become subject to a claim of abandonment by that state;
c. The records of the holder were erroneous in that they did not accurately identify the owner of the property and the last known location of the owner within the borders of another state and under the laws of that state the property has escheated or become subject to a claim of abandonment by that state;
d. The property was subjected to custody by this State under R.S.46:30B-1 et seq. and under the laws of the state of domicile of the holder of the property has escheated or become subject to a claim of abandonment by that state; or
e. The property is the sum payable on a travelers check, money order, or similar instrument that was purchased in the other state and delivered into the custody of this state under R.S.46:30B-14, and under the laws of that state the property has escheated or become subject to a claim of abandonment by that state.
L.1989, c.58, s.1; amended 2002, c.35, s.54.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-82 - Form of claim; allowance.

46:30B-82 Form of claim; allowance.
46:30B-82. Form of claim; allowance. The claim of another state to recover escheated or abandoned property shall be presented in a form prescribed by the administrator, who shall decide the claim within 120 days after it is presented. The administrator shall allow the claim if the administrator determines that the other state is entitled to the abandoned property under R.S.46:30B-81.
L.1989, c.58, s.1; amended 2002, c.35, s.55.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-83 - Indemnification

46:30B-83. Indemnification
46:30B-83. Indemnification. The administrator shall require a state, before recovering property under this article, to agree to indemnify this State and its officers and employees against any liability on a claim for the property. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-84 - Action to establish claim

46:30B-84. Action to establish claim
46:30B-84. Action to establish claim. A person whose claim has been denied by the administrator in whole or in part may appeal the final decision to the Appellate Division of the Superior Court of New Jersey. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-85 - Administrator may decline to receive property

46:30B-85. Administrator may decline to receive property
46:30B-85. Administrator may decline to receive property. The administrator may decline to receive any property reported under this chapter which he considers to have a value less than the expense of giving notice and of sale. If the administrator elects not to receive custody of the property, the holder shall be notified within 120 days after filing the report required under Article 17 of this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-86 - Authorization of administrator to assume custody of property prior to presumption of abandonment

46:30B-86. Authorization of administrator to assume custody of property prior to presumption of abandonment
46:30B-86. Authorization of administrator to assume custody of property prior to presumption of abandonment. A holder, with the written consent of the administrator and upon conditions and terms prescribed by him, may report and deliver property before the property is presumed abandoned. Property delivered under this section shall be held by the administrator and is not presumed abandoned until the time as it otherwise would be presumed abandoned under this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-87 - Authority of administrator to destroy or otherwise dispose of property

46:30B-87. Authority of administrator to destroy or otherwise dispose of property
46:30B-87. Authority of administrator to destroy or otherwise dispose of property. If the administrator determines after investigation that any property delivered under this chapter has insubstantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. An action or proceeding may not be maintained against the State or any officer or against the holder for or on account of any action taken by the administrator pursuant to this section. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-88 - Periods of limitation no bar to presuming property abandoned or duty to report and deliver property

46:30B-88. Periods of limitation no bar to presuming property abandoned or duty to report and deliver property
46:30B-88. Periods of limitation no bar to presuming property abandoned or duty to report and deliver property. The expiration, before or after the effective date of this chapter, of any period of time specified by contract, statute, or court order, during which a claim for money or property can be made or during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or to recover property, does not prevent the money or property from being presumed abandoned or affect any duty to file a report or to pay or deliver abandoned property to the administrator as required by this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-89 - Time within which administrator may bring action against holder.

46:30B-89 Time within which administrator may bring action against holder.
46:30B-89. Time within which administrator may bring action against holder. An action or proceeding may not be commenced by the administrator to enforce chapter 30B of Title 46 of the Revised Statutes in regard to the reporting, delivery, or payment of property more than ten years after the holder specifically identified the property in a report filed with the administrator or gave express notice to the administrator of a dispute regarding the property. In the absence of such a report or other express notice, the period of limitation is tolled. The period of limitation is also tolled by the filing of a report that is fraudulent.
L.1989, c.58, s.1; amended 2002, c.35, s.56.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-90 - Administrator may require filing of reports.

46:30B-90 Administrator may require filing of reports.
46:30B-90. Administrator may require filing of reports. The administrator may require any person who has not filed a report, or a person who the administrator believes has filed an inaccurate, incomplete, or false report, to file a verified report in a form specified by the administrator. The report shall state whether the person is holding property reportable under chapter 30B of Title 46 of the Revised Statutes, describe property not previously reported or as to which the administrator has made inquiry, and specifically identify and state the amounts of property that may be in issue.
L.1989, c.58, s.1; amended 2002, c.35, s.57.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-91 - Examination of records by administrator; generally.

46:30B-91 Examination of records by administrator; generally.
46:30B-91. Examination of records by administrator; generally. The administrator, at reasonable times and upon reasonable notice, may examine the records of any person to determine whether the person has complied with the provisions of this chapter. The administrator may conduct the examination even if the person believes it is not in possession of any property reportable or deliverable under this chapter. The administrator may contract with any other person to conduct the examination on behalf of the administrator.
L.1989, c.58, s.1; amended 2002, c.35, s.58.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-92 - Examination of records by administrator; agents and fiduciaries for business association.

46:30B-92 Examination of records by administrator; agents and fiduciaries for business association.
46:30B-92. Examination of records by administrator; agents and fiduciaries for business association. If a person is treated under Article 12 of this chapter as the holder of the property only insofar as the interest of a business association in the property is concerned, the administrator, pursuant to R.S.46:30B-91, may examine the records of the person if the administrator has given the notice required by R.S.46:30B-91 to both the person and the business association at least 90 days before the examination.
The administrator at reasonable times may examine the records of an agent, including a dividend disbursing agent or transfer agent, of a business association that is the holder of property presumed abandoned if the administrator has given notice to both the association and the agent at least 90 days before the examination.
L.1989, c.58, s.1; amended 2002, c.35, s.59.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-93 - Assessment of costs for examination.

46:30B-93 Assessment of costs for examination.
46:30B-93. Assessment of costs for examination. If an examination of the records of a person results in the disclosure of property reportable and deliverable under this chapter, the administrator may assess the cost of the examination against the holder at the rate of $50 per hour for each examiner, but in no case may the charges exceed the value of the property found to be reportable and deliverable. The cost of examination made pursuant to R.S.46:30B-93 may be imposed only against the business association.
L.1989, c.58, s.1; amended 2002, c.35, s.60.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-94 - Assessing estimated costs for examination when records are insufficient.

46:30B-94 Assessing estimated costs for examination when records are insufficient.
46:30B-94. Assessing estimated costs for examination when records are insufficient. If, after the effective date of P.L.2002, c.35, a holder does not maintain the records required by R.S.46:30B-95 and the records of the holder available for the periods subject to this chapter are insufficient to permit the preparation of a report, the administrator may require the holder to report and pay to the administrator the amount the administrator reasonably estimates, on the basis of any available records of the holder, or by any other reasonable means of estimation acceptable to the administrator, that should have been but was not reported.
In the event property was delivered to the administrator based upon an estimate or statistical method, the holder shall be required to indemnify the administrator for any amounts claimed by owners in excess of the estimated amount remitted.
L.1989, c.58, s.1; amended 2002, c.35, s.61.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-95 - Maintaining records; generally.

46:30B-95 Maintaining records; generally.
46:30B-95. Maintaining records; generally. Every holder required to file a report under Article 17 of this chapter, as to any property for which it has obtained the last known address of the owner, shall maintain a record of the name and last known address of the owner for five years after the holder files the report, except to the extent that a shorter time is provided in R.S.46:30B-96 or by rule of the administrator.
L.1989, c.58, s.1; amended 1997, c.33, s.17; 2002, c.35, s.62.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-96 - Maintaining records; travelers checks, money orders, etc.

46:30B-96 Maintaining records; travelers checks, money orders, etc.
46:30B-96. Maintaining records; travelers checks, money orders, etc. Any business association that sells in this State its travelers checks, money orders, or other similar written instruments, other than third-party bank checks on which the business association is directly liable, or that provides those instruments to others for sale in this State, shall maintain a record of those instruments while they remain outstanding, indicating the state and date of issue for three years after the date the holder files the report.
L.1989, c.58, s.1; amended 2002, c.35, s.63.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-96.1 - Continuity of records

46:30B-96.1. Continuity of records
46:30B-96.1. Continuity of records. Where a holder acquires unclaimed property from another holder, such as in a merger, acquisition, reorganization, consolidation, or transfer, that successor holder shall have a duty to maintain and continue the records of the prior holder concerning the unclaimed property, including but not limited to, the date of the last deposit or withdrawal in an account in a financial organization, of the issuance of unnegotiated dividend, interest, or other remittances, or the last communication between the owner and the prior holder or holders concerning the unclaimed property.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-97 - Enforcement. Actions in Superior Court

46:30B-97. Enforcement. Actions in Superior Court
46:30B-97. Enforcement. Actions in Superior Court.
a. The administrator, for and on behalf of the State of New Jersey, may commence an action, summary or otherwise, in the Chancery Division of the Superior Court:
(1) for an adjudication that certain property is unclaimed and payable or distributable to the administrator;
(2) to compel presentation of a report or payment or distribution of property to the administrator;
(3) to enforce the duty of a person to permit the examination or audit of the records of that person;
(4) to enjoin any act that violates the public policy or provisions of this chapter; or
(5) to enforce any aspect of this chapter in any manner.
b. The administrator may commence an action in the Chancery Division of the Superior Court in the following situations:
(1) the holder is a person domiciled in this State, or is the State of New Jersey, a county or municipal subdivision of the State, or is an authority, agency, instrumentality, administration, service, or other organization of the State or its political subdivisions;
(2) the holder is a person engaged in or transacting any business in this State, although not domiciled in this State. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-97.1 - Enforcement. Actions in federal court or courts of other states by administrator

46:30B-97.1. Enforcement. Actions in federal court or courts of other states by administrator
46:30B-97.1. Enforcement. Actions in federal court or courts of other states by administrator.
Where no New Jersey court has jurisdiction over the person involved, the administrator may commence an action in a federal court or other state court which has jurisdiction.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-97.2 - Enforcement. Right of administrator to intervene in judicial or administrative proceedings

46:30B-97.2. Enforcement. Right of administrator to intervene in judicial or administrative proceedings
46:30B-97.2. Enforcement. Right of administrator to intervene in judicial or administrative proceedings.
The administrator shall have a right to intervene and participate in any judicial or administrative proceeding when it is in the best interests of: the State of New Jersey, the apparent owner, or the unclaimed property for the purpose of conserving and safeguarding the unclaimed property against dissipation, undue diminishment, or adverse discriminatory treatment.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-97.3 - Enforcement. Administrator deemed an indispensable party in judicial or administrative proceedings

46:30B-97.3. Enforcement. Administrator deemed an indispensable party in judicial or administrative proceedings
46:30B-97.3. Enforcement. Administrator deemed an indispensable party in judicial or administrative proceedings. The administrator shall be deemed an indispensable party to any judicial or administrative proceeding concerning the disposition and handling of unclaimed property that is or may be payable or distributable into the protective custody of the administrator.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-98 - Interstate agreements.

46:30B-98 Interstate agreements.
46:30B-98. Interstate agreements. The administrator may enter into agreements with other states to exchange information relating to abandoned property or its possible existence needed to enable this or another state to audit or otherwise determine unclaimed property that it or another state may be entitled to subject to a claim of custody. The agreement may permit the other state, or another person acting on behalf of a state, to examine records as authorized by R.S.46:30B-1 et seq. The administrator by rule may require the reporting of information needed to enable compliance with agreements made pursuant to this section and prescribe the form.
L.1989, c.58, s.1; amended 2002, c.35, s.64.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-99 - Consultation by administrator with other states to avoid conflicts as to procedures

46:30B-99. Consultation by administrator with other states to avoid conflicts as to procedures
46:30B-99. Consultation by administrator with other states to avoid conflicts as to procedures. To avoid conflicts between the administrator's procedures and the procedures of administrators in other jurisdictions that enact the Uniform Unclaimed Property Act, the administrator, so far as is consistent with the purposes, policies, and provisions of this chapter, before adopting, amending or repealing rules, shall advise and consult with administrators in other jurisdictions that enact substantially the Uniform Unclaimed Property Act and take into consideration the rules of administrators in other jurisdictions that enact the Uniform Unclaimed Property Act. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-100 - Joint enforcement

46:30B-100. Joint enforcement
46:30B-100. Joint enforcement. The administrator may join with other states to seek enforcement of the Uniform Unclaimed Property Act against any person who is or may be holding property reportable under this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-101 - Attorney General may bring action in behalf of another state

46:30B-101. Attorney General may bring action in behalf of another state
46:30B-101. Attorney General may bring action in behalf of another state. At the request of another state, the Attorney General of this State may bring an action in the name of the administrator of another state in any court of competent jurisdiction to enforce the unclaimed property laws of the other state against a holder in this State of property subject to escheat or a claim of abandonment by the other state, if the other state has agreed to pay expenses incurred by the Attorney General in bringing the action. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-102 - Action by administrator in another state

46:30B-102. Action by administrator in another state
46:30B-102. Action by administrator in another state. The administrator may request that the Attorney General of another state or any other person bring an action in the name of the administrator in the other state. This State shall pay all expenses including attorney's fees in any action under this section. The administrator may agree to pay the person bringing the action attorney's fees based in whole or in part on a percentage of the value of any property recovered in the action. Any expenses paid pursuant to this section may not be deducted from the amount that is subject to the claim by the owner under this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-103 - Interest payable for failure to pay or deliver property in time

46:30B-103. Interest payable for failure to pay or deliver property in time
46:30B-103. Interest payable for failure to pay or deliver property in time. A person who fails to pay or deliver property within the time prescribed by this chapter shall pay to the administrator interest at the annual rate of 10% above the annual rate of discount, in effect on the date the property should have been paid or delivered, for the most recent issue of 52-week United States Treasury bills on the property or value thereof from the date the property should have been paid or delivered. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-104 - Penalty for failure to render report or perform other duties.

46:30B-104 Penalty for failure to render report or perform other duties.
46:30B-104. Penalty for failure to render report or perform other duties. Except as otherwise provided in R.S.46:30B-105 or 46:30B-105.1, a holder who fails to report, pay or deliver property within the time prescribed by chapter 30B of Title 46 of the Revised Statutes, or fails to perform other duties imposed by that chapter, shall pay to the administrator, in addition to the interest as provided in R.S.46:30B-103, a civil penalty of $200 for each day the report, payment, or delivery is withheld, or the duty is not performed, up to a maximum of $100,000.
L.1989, c.58, s.1; amended 2002, c.35, s.65.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-105 - Penalty for willful failure to report, pay or deliver property.

46:30B-105 Penalty for willful failure to report, pay or deliver property.
46:30B-105. Penalty for willful failure to report, pay or deliver property. A holder who willfully fails to report, pay, or deliver property within the time prescribed by chapter 30B of Title 46 of the Revised Statutes, shall pay to the administrator, in addition to the interest provided in R.S.46:30B-103, a penalty of $1,000 for each day the report, payment, or delivery is withheld, or the duty is not performed, up to a maximum of $250,000, plus 25% of the value of any property that should have been but was not reported.
For the purpose of this section, a willful failure to report includes the filing of a report which is plainly inaccurate, incomplete, or out of balance and the same is not corrected by the holder within six months after its original due date.
L.1989, c.58, s.1; amended 2002, c.35, s.66.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-105.1 - Penalty for fraudulent report.

46:30B-105.1 Penalty for fraudulent report.
46:30B-105.1. Penalty for fraudulent report. A holder who makes a fraudulent report shall pay to the administrator, in addition to interest as provided in R.S.46:30B-103, a civil penalty of $1,000 for each day the report is withheld up to a maximum of $250,000, plus 25% of the value of any property that should have been but was not reported.
L.1989, c.58, s.1; amended 2002, c.35, s.67.