reglab/statecodes huggingface dataset:
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-11 - Presumption of abandonment of travelers check.

46:30B-11 Presumption of abandonment of travelers check.
46:30B-11. Presumption of abandonment of travelers check. Subject to R.S.46:30B-14, any sum payable on a travelers check that has been outstanding for more than three years after its issuance is presumed abandoned unless the owner, within three years, has communicated in writing with the issuer concerning it or otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the issuer.
amended 2002, c.35, s.10; 2010, c.25, s.2.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-12 - Presumption of abandonment of money order.

46:30B-12 Presumption of abandonment of money order.
46:30B-12. Presumption of abandonment of money order. Subject to R.S.46:30B-14, any sum payable on a money order or similar written instrument that has been outstanding for more than three years after its issuance is presumed abandoned unless the owner, within three years, has communicated in writing with the issuer concerning it or otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the issuer.
amended 2002, c.35, s.11; 2010, c.25, s.3.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-13 - Limitation on holder's power to impose service charges.

46:30B-13 Limitation on holder's power to impose service charges.
46:30B-13. Limitation on holder's power to impose service charges. A holder may not deduct from the amount of a travelers check or money order any charge imposed by reason of the failure to present the instrument for payment unless there is a valid and enforceable written contract between the issuer and the owner of the instrument pursuant to which the issuer may impose a charge and the issuer regularly imposes the charges and does not regularly reverse or otherwise cancel them. The amount of the deduction shall be limited to an amount not to exceed $2 per month. Notwithstanding any provision of this section to the contrary, no service charge, dormancy fee or other similar charge shall be imposed against a travelers check or money order within the twelve months immediately following the date of sale.
amended 2002, c.35, s.12; 2010, c.25, s.4.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-14 - Conditions subjecting property to custody of State.

46:30B-14 Conditions subjecting property to custody of State.
46:30B-14. Conditions subjecting property to custody of State. A sum payable on a travelers check, money order, or similar written instrument, described in R.S.46:30B-11 and R.S.46:30B-12 may not be subjected to the custody of this State as unclaimed property unless:
a. The records of the issuer show that the travelers check, money order, or similar written instrument was purchased in this State;
b. The issuer has its principal place of business in this State and the records of the issuer do not show the state in which the travelers check, money order, or similar written instrument was purchased; or
c. The issuer has its principal place of business in this State, the records of the issuer show the state in which the travelers check, money order, or similar written instrument was purchased and the laws of the state of purchase do not provide for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.
L.1989, c.58, s.1; amended 2002, c.35, s.68.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-15 - Application of R.S.46:30B-14 in certain cases

46:30B-15. Application of R.S.46:30B-14 in certain cases
46:30B-15. Application of R.S.46:30B-14 in certain cases. Notwithstanding any other provisions of this chapter, R.S.46:30B-14 applies to sums payable on travelers checks, money orders, and similar written instruments presumed abandoned on or after February 1, 1965, except to the extent that those sums have been paid over to a state prior to January 1, 1974. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-16 - Presumption of abandonment.

46:30B-16 Presumption of abandonment.
46:30B-16. Presumption of abandonment. Any sum payable on a check, draft, or similar instrument, except those subject to R.S.46:30B-11 and R.S.46:30B-12, on which a financial organization is directly liable, including a cashier's check and a certified check, which has been outstanding for more than three years after it was payable on demand, is presumed abandoned, unless the owner, within three years, has communicated in writing with the financial organization concerning it or otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee thereof.
L.1989, c.58, s.1; amended 2002, c.35, s.13.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-17 - Limitation on holder's power to impose charges.

46:30B-17 Limitation on holder's power to impose charges.
46:30B-17. Limitation on holder's power to impose charges. A holder may not deduct from the amount of any instrument subject to R.S.46:30B-16 any charge imposed by reason of the failure to present the instrument for payment unless there is a valid and enforceable written contract between the holder and the owner of the instrument pursuant to which the holder may impose a charge, and the holder regularly imposes the charges and does not regularly reverse or otherwise cancel them. The amount of the deduction shall be limited to an amount that is not unconscionable.
L.1989, c.58, s.1; amended 2002, c.35, s.14.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-18 - Presumption of abandonment.

46:30B-18 Presumption of abandonment.
46:30B-18. Presumption of abandonment. A demand, savings, or time deposit, including a deposit that is automatically renewable, and any funds paid toward the purchase of a share, a mutual fund investment certificate, or any other interest in a financial organization is presumed abandoned three years after the earlier of maturity or the date of the last indication by the owner of interest in the property, but a deposit that is automatically renewable is deemed matured for the purposes of this section upon its initial date of maturity, unless the owner has consented to a renewal at or about the time of renewal and the consent is in writing or is evidenced by a contemporaneous memorandum or other record on file with the holder, provided, however, that such abandonment shall not be deemed to have occurred if the owner, within the time period stated above has:
a. In the case of a deposit, increased or decreased its amount or presented the passbook or other similar evidence of the deposit for the crediting of interest;
b. Communicated in writing with the financial organization concerning the property;
c. Otherwise indicated an interest in the property as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the financial organization;
d. Owned other property to which subsection a., b., or c. applies and if the financial organization communicates in writing with the owner with regard to the property that would otherwise be presumed abandoned under this section at the address to which communications regarding the other property regularly are sent; or
e. Had another relationship with the financial organization concerning which the owner has:
(1) Communicated in writing with the financial organization, or
(2) Otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the financial organization and if the financial organization communicates in writing with the owner with regard to the property that would otherwise be abandoned under this section at the address to which communications regarding the other relationship regularly are sent.
L.1989, c.58, s.1; amended 2002, c.35, s.15.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-19 - Includable in "property"

46:30B-19. Includable in "property"
46:30B-19. Includable in "property." For purposes of R.S.46:30B-18 property includes interest and dividends. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-20 - Limitation on holder's power to impose charges.

46:30B-20 Limitation on holder's power to impose charges.
46:30B-20. Limitation on holder's power to impose charges. A holder may not impose with respect to property described in R.S.46:30B-18 any charge due to dormancy or inactivity or cease payment of interest unless:
a. There is an enforceable written contract between the holder and the owner of the property pursuant to which the holder may impose a charge or cease payment of interest;
b. For property in excess of $2.00, the holder, no more than three months before the initial imposition of those charges or cessation of interest, has given written notice to the owner of the amount of those charges at the last known address of the owner stating that those charges will be imposed or that interest will cease, but the notice provided in this subsection need not be given with respect to charges imposed or interest ceased before the effective date of this chapter; and
c. The holder regularly imposes the charges or ceases payment of interest and does not regularly reverse or otherwise cancel them or retroactively credit interest with respect to the property. The amount of the deduction shall be limited to an amount that is not unconscionable. Also, no additional charges shall be assessed as the result of escheatment of the property.
L.1989, c.58, s.1; amended 2002, c.35, s.16.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-21 - When automatically renewable property is matured.

46:30B-21 When automatically renewable property is matured.
46:30B-21. When automatically renewable property is matured. Any property described in R.S.46:30B-18 that is automatically renewable is matured for purposes of R.S.46:30B-18 upon the expiration of its initial time period, but in the case of any renewal by communicating in writing with the financial organization or otherwise indicating consent as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the organization, the property is matured upon the expiration of the last time period for which consent was given. If, at the time provided for delivery in Article 19 of this chapter, a penalty or forfeiture in the payment of interest would result from the delivery of the property, the time for delivery is extended until the time when a penalty or forfeiture would not result.
L.1989, c.58, s.1; amended 2002, c.35, s.17.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-22 - Presumption of abandonment.

46:30B-22 Presumption of abandonment.
46:30B-22. Presumption of abandonment. Funds held or owing under any life or endowment insurance policy or annuity contract that has matured or terminated are presumed abandoned if unclaimed for more than three years after the funds became due and payable as established from the records of the insurance company holding or owing the funds, but property described in subsection b. of R.S.46:30B-24 is presumed abandoned if unclaimed for more than two years.
L.1989, c.58, s.1; amended 2002, c.35, s.18.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-23 - Presumed address of person entitled to funds other than insured or annuitant if address unknown

46:30B-23. Presumed address of person entitled to funds other than insured or annuitant if address unknown
46:30B-23. Presumed address of person entitled to funds other than insured or annuitant if address unknown. If a person other than the insured or annuitant is entitled to the funds and an address of the person is not known to the company or it is not definite and certain from the records of the company who is entitled to the funds, it is presumed that the last known address of the person entitled to the funds is the same as the last known address of the insured or annuitant according to the records of the company. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-24 - Determining maturity of insurance policy or annuity contract.

46:30B-24 Determining maturity of insurance policy or annuity contract.
46:30B-24. Determining maturity of insurance policy or annuity contract. For purposes of this article, a life or endowment insurance policy or annuity contract not matured by actual proof of death of the insured or annuitant according to the records of the company is matured and the proceeds due and payable if:
a. The company knows that the insured or annuitant has died; or
b. The insured has attained, or would have attained if he were living, the limiting age under the mortality table on which the reserve is based;
c. The policy was in force at the time the insured attained, or would have attained, the limiting age specified in subsection b.; and
d. Neither the insured nor any other person appearing to have an interest in the policy within the preceding two years, according to the records of the company, has assigned, readjusted, or paid premiums on the policy, subjected the policy to a loan, corresponded in writing with the company concerning the policy, or otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the company.
L.1989, c.58, s.1; amended 2002, c.35, s.19.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-25 - Effect of automatic premium loan provision or nonforfeiture provision upon maturity or termination of insurance policy.

46:30B-25. Effect of automatic premium loan provision or nonforfeiture provision upon maturity or termination of insurance policy.
46:30B-25. Effect of automatic premium loan provision or nonforfeiture provision upon maturity or termination of insurance policy. For purposes of this article, the application of an automatic premium loan provision or other nonforfeiture provision contained in an insurance policy does not prevent a policy from being matured or terminated under R.S.46:30B-24 if the insured has died or the insured or the beneficiary of the policy otherwise has become entitled to the proceeds thereof before the depletion of the cash surrender value of a policy by the application of those provisions. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-26 - Notice to insured or owner of policy of exercise of automatic premium loan or other nonforfeiture provision

46:30B-26. Notice to insured or owner of policy of exercise of automatic premium loan or other nonforfeiture provision
46:30B-26. Notice to insured or owner of policy of exercise of automatic premium loan or other nonforfeiture provision. If the laws of this State or the terms of the life insurance policy require the company to give notice to the insured or owner that an automatic premium loan provision or other nonforfeiture provision has been exercised and the notice, given to an insured or owner whose last known address according to the records of the company is in this State, is undeliverable, the company shall make a reasonable search to ascertain the policyholder's correct address to which the notice shall be mailed. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-27 - Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary

46:30B-27. Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary
46:30B-27. Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary. Notwithstanding any other provision of law, if the company learns of the death of the insured or annuitant and the beneficiary has not communicated with the insurer within four months after the death, the company shall take reasonable steps to pay the proceeds to the beneficiary. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-28 - Information to be requested in change of beneficiary form

46:30B-28. Information to be requested in change of beneficiary form
46:30B-28. Information to be requested in change of beneficiary form. Commencing two years after the effective date of this chapter, every change of beneficiary form issued by an insurance company under any life or endowment insurance policy or annuity contract to an insured or owner who is a resident of this State shall request the following information:
a. The name of each beneficiary, or if a class of beneficiaries is named, the name of each current beneficiary in the class;
b. The address of each beneficiary; and
c. The relationship of each beneficiary to the insured.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-28.1 - Property distributable by insurance company.

46:30B-28.1 Property distributable by insurance company.
20. Property distributable by insurance company. Property distributable in the course of demutualization or related reorganization of an insurance company which remains unclaimed is deemed abandoned three years after the earlier of:
the date of the distribution of the property; or
the date of last contact with a policyholder.
L.2002,c.35,s.20.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-29 - Presumption of abandonment

46:30B-29. Presumption of abandonment
46:30B-29. Presumption of abandonment. A deposit, including any interest thereon, made by a subscriber with a utility to secure payment or any sum paid in advance for utility services to be furnished, less any lawful deductions, that remains unclaimed by the owner for more than one year after termination of the services for which the deposit or advance payment was made is presumed abandoned. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-30 - Presumption of abandonment

46:30B-30. Presumption of abandonment
46:30B-30. Presumption of abandonment. Except to the extent otherwise ordered by a court or an administrative agency, any sum that a business association has been ordered to refund by the court or administrative agency which has remained unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund, whether or not the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-31 - Presumption of abandonment.

46:30B-31 Presumption of abandonment.
46:30B-31. Presumption of abandonment. Stock or other interest in a business association, including a debt obligation other than a bearer bond or original issue discount bond, is presumed abandoned:
three years after the earlier of the date of an unpresented instrument issued to pay interest or a dividend or other cash distribution, or the date of issue of an undelivered stock certificate issued as a stock dividend, split, or other distribution; or
if a dividend or other distribution has not been paid on the stock or other interest for three consecutive years, or the stock or other interest is held pursuant to a plan that provides for the automatic reinvestment of dividends or other distributions, three years after the date of the second mailing of a statement of account or other notification or communication that was returned as undeliverable, or after the holder discontinued mailings to the apparent owner, whichever is earlier.
L.1989, c.58, s.1; amended 2002, c.35, s.21.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-32 - Presumption of abandonment for failure to claim dividend or distribution.

46:30B-32 Presumption of abandonment for failure to claim dividend or distribution.
46:30B-32. Presumption of abandonment for failure to claim dividend or distribution. At the expiration of a three- year period following the failure of the owner to claim a dividend, distribution, or other sum payable to the owner as a result of the interest, the interest is not presumed abandoned unless there have been at least three dividends, distributions, or other sums paid during the period, none of which has been claimed by the owner. If three dividends, distributions, or other sums are paid during the three-year period, the period leading to a presumption of abandonment commences on the date payment of the first unclaimed dividend, distribution, or other sum became due and payable.
L.1989, c.58, s.1; amended 2002, c.35, s.22.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-33 - When period of abandonment ceases.

46:30B-33 When period of abandonment ceases.
46:30B-33. When period of abandonment ceases. The running of the three-year period of abandonment ceases immediately upon the occurrence of a communication referred to in R.S.46:30B-31. If any future dividend, distribution, or other sum payable to the owner as a result of the interest is subsequently not claimed by the owner, a new period of abandonment commences and relates back to the time a subsequent dividend, distribution, or other sum became due and payable.
L.1989, c.58, s.1; aended 2002, c.35, s.23.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-34 - Items presumed abandoned when interest presumed abandoned.

46:30B-34 Items presumed abandoned when interest presumed abandoned.
46:30B-34. Items presumed abandoned when interest presumed abandoned. At the time an interest is presumed abandoned under chapter 30B of Title 46 of the Revised Statutes, any other property right accrued or accruing to the owners as a result of the interest, and not previously presumed abandoned, is presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.24.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-36 - Presumption of abandonment.

46:30B-36 Presumption of abandonment.
46:30B-36. Presumption of abandonment. Property distributable in the course of a dissolution of a business association which remains unclaimed by the owner for more than one year after the date specified for final distribution is presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.25.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-37 - Presumption of abandonment.

46:30B-37 Presumption of abandonment.
46:30B-37. Presumption of abandonment. Property and any income or increment derived therefrom held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within three years after it has become payable or distributable, has increased or decreased the principal, accepted payment of principal or income, communicated concerning the property, or otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by the fiduciary.
L.1989, c.58, s.1; amended 2002, c.35, s.26.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-37.1 - Presumption of abandonment: unclaimed estate assets.

46:30B-37.1 Presumption of abandonment: unclaimed estate assets.
46:30B-37.1 Presumption of abandonment: unclaimed estate assets. Except as otherwise provided in this section, property held by a fiduciary as defined in N.J.S.3B:1-1 or an assignee under N.J.S.2A:19-1 et seq. and remaining unclaimed for 90 days after the account of that fiduciary or assignee is judicially allowed by the courts or settled informally is presumed abandoned. Unclaimed property held by a fiduciary of an intestate estate payable to the unknown heirs of an intestate decedent shall be presumed abandoned 90 days after publication by the fiduciary of the notice required in N.J.S.3B:5-5.
L.1989, c.58, s.1; amended 1995, c.152, s.2; 2002, c.35, s.27.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-37.2 - Debt of business association.

46:30B-37.2 Debt of business association.
28. Debt of business association. The debt of a business association, other than bearer bonds or an original issue discount bond, is presumed abandoned three years after the date of the earliest interest payment unclaimed by the apparent owner.
L.2002,c.35,s.28.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-38 - Funds in retirement account or plan.

46:30B-38 Funds in retirement account or plan.
46:30B-38. Funds in retirement account or plan. Property in an individual retirement account, defined benefit plan, or other account or plan that is qualified for tax deferral under the income tax laws of the United States becomes abandoned three years after the earliest of the date of the distribution or attempted distribution of the property, the date of the required distribution as stated in the plan or trust agreement governing the plan, or the date, if determinable by the holder, specified in the income tax laws of the United States by which distribution of the property must begin in order to avoid a tax penalty.
L.1989, c.58, s.1; amended 2002, c.35, s.29.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-38.1 - Funds in non-traditional retirement account or plan.

46:30B-38.1 Funds in non-traditional retirement account or plan.
30. Funds in non-traditional individual retirement account or plan. Property in individual retirement accounts for which no distribution is required under the income tax laws of the United States becomes abandoned three years after the date of the second mailing of a statement of account or other notification or communication that was returned as undeliverable, or after the holder discontinued mailings to the apparent owner, whichever is earlier.
L.2002,c.35,s.30.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-39 - When agent deemed to hold property in fiduciary capacity

46:30B-39. When agent deemed to hold property in fiduciary capacity
46:30B-39. When agent deemed to hold property in fiduciary capacity. For the purpose of this article, a person who holds property as an agent for a business association is deemed to hold the property in a fiduciary capacity for that business association alone, unless the agreement between him and the business association provides otherwise. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-40 - Fiduciary for business association deemed holder of property

46:30B-40. Fiduciary for business association deemed holder of property
46:30B-40. Fiduciary for business association deemed holder of property. For the purposes of this article, a person who is deemed to hold property in a fiduciary capacity for a business association alone is the holder of the property only insofar as the interest of the business association in the property is concerned, and the business association is the holder of the property insofar as the interest of any other person in the property is concerned.
Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-41 - Presumption of abandonment: Superior Court and surrogate.

46:30B-41 Presumption of abandonment: Superior Court and surrogate.
46:30B-41. Presumption of abandonment: Superior Court and surrogate. Property deposited or paid into the Superior Court or to the surrogate of any county in this State to the credit of a specific cause or account under the provisions of any law, order, rule, judgment, or decree and remaining unclaimed for a period of 10 years, shall be presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.31.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-41.1 - Presumption of abandonment: minor's funds.

46:30B-41.1 Presumption of abandonment: minor's funds.
46:30B-41.1. Presumption of abandonment: minor's funds. Property deposited or paid into the Superior Court or to the surrogate of any county of this State for the benefit of a person who is a minor at the time of the deposit and remaining unclaimed by that person for two years after that person reaches majority is presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.32.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-41.2 - Presumption of abandonment: governmental entity.

46:30B-41.2 Presumption of abandonment: governmental entity.
46:30B-41.2. Presumption of abandonment: governmental entity. Except as otherwise provided in this article, any property where the obligor is the executive, legislative, or judicial branch of the United States Government, or a state, or a county or municipal subdivision of a state, or any of their authorities, agencies, instrumentalities, administrations, services or other organizations, and remaining unclaimed for more than one year after it became payable or distributable is presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.33.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-41.3 - Presumption of abandonment; class actions.

46:30B-41.3 Presumption of abandonment; class actions.
34. Presumption of abandonment; class actions. Property received by a court as proceeds of a class action and not distributed pursuant to the judgment is presumed abandoned one year after the initial distribution date.
L.2002,c.35,s.34.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-42 - Presumption of abandonment.

46:30B-42 Presumption of abandonment.
46:30B-42. Presumption of abandonment. A credit balance, customer overpayment, security deposit, refund, credit memorandum, unused ticket, or similar instrument that occurs or is issued in the ordinary course of business which remains unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.35.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-43 - Amounts presumed abandoned.

46:30B-43 Amounts presumed abandoned.
46:30B-43. Amounts presumed abandoned. In the case of credit balances, customer overpayments, security deposits, refunds, credit memoranda, unused tickets, or similar instruments, the amount presumed abandoned is the amount credited to the recipient.
L.1989, c.58, s.1; amended 2002, c.35, s.36.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-43.1 - Limitation on holder's power to impose charges.

46:30B-43.1 Limitation on holder's power to impose charges.
37. Limitation on holder's power to impose charges. A holder of property subject to R.S.46:30B-42, section 5 of P.L.2010, c.25 (C.46:30B-42.1), and R.S.46:30B-43 shall not impose on the property a dormancy charge or fee, abandoned property charge or fee, unclaimed property charge or fee, escheat charge or fee, inactivity charge or fee, or any similar charge, fee or penalty for inactivity with respect to the property. Neither the property nor an agreement with respect to the property may contain language suggesting that the property may be subject to that kind of charge, fee or penalty for inactivity.
L.2002, c.35, s.37; amended 2010, c.25, s.6.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-44 - Presumption of abandonment

46:30B-44. Presumption of abandonment
46:30B-44. Presumption of abandonment. Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder's business which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-45 - Presumption of abandonment.

46:30B-45 Presumption of abandonment.
46:30B-45. Presumption of abandonment. All property held in a safe deposit box or any other safekeeping repository in this State in the ordinary course of the holder's business and proceeds resulting from the sale of the property permitted by other law, which remain unclaimed by the owner for more than five years after the lease or rental period or other custodial agreement on the box or other repository has expired, are presumed abandoned.
L.1989, c.58, s.1; amended 2002, c.35, s.69.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-46 - Duty of holder to report property presumed abandoned.

46:30B-46 Duty of holder to report property presumed abandoned.
46:30B-46. Duty of holder to report property presumed abandoned. A person holding property presumed abandoned and subject to custody as unclaimed property under this chapter shall report to the administrator concerning the property as provided in this article.
L.1989, c.58, s.1; amended 2002, c.35, s.70.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-47 - Form and contents of report.

46:30B-47 Form and contents of report.
46:30B-47. Form and contents of report. The report shall be verified and shall include:
a. Except with respect to travelers checks and money orders, the name, if known, and last known address, if any, of each person appearing from the records of the holder to be the owner of property of the value of $50 or more presumed abandoned under this chapter. Dividends, interest and mineral proceeds that accrue shall not be aggregated and shall be reported separately;
b. In the case of unclaimed funds of $50 or more held or owing under any life or endowment insurance policy or annuity contract, the full name and last known address of the insured or annuitant and of the beneficiary according to the records of the insurance company holding or owing the funds;
c. In the case of the contents of a safe deposit box or other safekeeping repository or of other tangible property, a description of the property, its estimated value and the place where it is held and may be inspected by the administrator and any amounts owing to the holder;
d. The nature and identifying number, if any, or description of the property and the amount appearing from the records to be due, but items of value under $50 each may be reported in the aggregate;
e. The date the property became payable, demandable, or returnable, and the date of the last transaction with the apparent owner with respect to the property;
f. The Social Security account number or federal identification number, if available, of each person appearing to be the owner of the reported unclaimed property; and
g. Other information the administrator prescribes by rule as necessary for the administration of this chapter.
L.1989, c.58, s.1; amended 2002, c.35, s.38.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-47.1 - Contents of report: Superior Court Clerk and surrogate

46:30B-47.1. Contents of report: Superior Court Clerk and surrogate
46:30B-47.1. Contents of report: Superior Court Clerk and surrogate. The report of the Clerk of the Superior Court or a surrogate shall set forth the following information instead of that required by R.S.46:30B-47:
a. The name of the case in which the deposit was made;
b. The court's docket or identifying number for the case;
c. The date the deposit was made;
d. The unpaid balance of the original sum deposited;
e. The interest or income earned while on deposit;
f. The total amount payable to the State Treasurer.
Source: N.J.S.2A:15-78; section 4 of P.L.1948, c.456 (C.40:26A-4).
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-48 - Report by successor holder of property

46:30B-48. Report by successor holder of property
46:30B-48. Report by successor holder of property. If the person holding property presumed abandoned and subject to custody as unclaimed property is a successor to other persons who previously held the property for the apparent owner or the holder has changed his name while holding the property, he shall file with his report all known names and addresses of each previous holder of the property. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-49 - Time to file report; postponement.

46:30B-49 Time to file report; postponement.
46:30B-49. Time to file report; postponement. The report shall be filed before November 1 of each year as of the preceding June 30, but the report of any life insurance company shall be filed before May 1 of each year as of the preceding December 31.
Before the date for filing the report, the holder of property presumed abandoned may request of the administrator an extension of the time for filing the report. The administrator may grant the extension for good cause. The holder, upon receipt of the extension, shall make an interim payment on the amount the holder estimates will ultimately be due, which terminates the accrual of additional interest on the estimated amount paid.
L.1989, c.58, s.1; amended 2002, c.35, s.39.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-50 - Notice to apparent owner.

46:30B-50 Notice to apparent owner.
46:30B-50. Notice to apparent owner. Not more than 120 days nor less than 60 days before filing the report required by this article, the holder in possession of property presumed abandoned and subject to custody as unclaimed property under this chapter shall send by certified mail, and with return receipt requested, written notice to the apparent owner at the last known address informing the owner that the holder is in possession of property subject to this chapter if:
a. The holder has in its records an address for the apparent owner which the holder's records do not disclose to be inaccurate;
b. The claim of the apparent owner is not barred by the statute of limitations; and
c. The property has a value of $50.00 or more.
L.1989, c.58, s.1; amended 2002, c.35, s.40.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-50.1 - Posting of notice by Superior Court Clerk and surrogate

46:30B-50.1. Posting of notice by Superior Court Clerk and surrogate
46:30B-50.1. Posting of notice by Superior Court Clerk and surrogate. In place of the mailed notice required by R.S.46:30B-50, the Clerk of the Superior Court, not more than 120 days and not less than 90 days before the date that the clerk shall present the report of property presumed abandoned in accordance with R.S.46:30B-41, shall post in his office and in each county clerk's office where public notices are customarily posted, a notice setting forth the case name and docket number of each case in which a deposit is presumed abandoned and indicating that if the apparent owner does not move to seek an order to withdraw the sum on deposit within 60 days of the date of the notice, the sum on deposit and all accretions thereon shall be delivered to the administrator, to whom all further claim shall be made. A surrogate shall post a similar notice in his office and the county clerk's office not more than 120 days and not less than 90 days before the surrogate presents the report to the administrator. Source: N.J.S.2A:15-79; section 7 of P.L.1948, c.456 (C.40:26A-7).
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-51 - Publication of notice by administrator.

46:30B-51 Publication of notice by administrator.
46:30B-51. Publication of notice by administrator. The administrator shall cause a notice to be published not later than November 30 of the year next following the year in which abandoned property has been paid or delivered to the administrator, or in the case of property reported by life insurance companies, September 1, of the year in which abandoned property has been paid or delivered to the administrator following the report required by Article 17 of this chapter at least once a week for two consecutive weeks in a newspaper of general circulation in the county of this State in which is located the last known address of any person to be named in the notice. If the address is outside this State, the notice shall be published in the county in which the holder of the property has its principal place of business within this State.
The administrator is not required to advertise the name and address or location of an owner of property having a total value of less than $100.
L.1989, c.58, s.1; amended 2002, c.35, s.41.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-52 - Form and contents of notice to be published.

46:30B-52 Form and contents of notice to be published.
46:30B-52. Form and contents of notice to be published. The published notice shall contain:
a. The names in alphabetical order and last known addresses, if any, of persons listed in the report and entitled to notice within the county as specified in R.S.46:30B-51;
b. A statement that information concerning the unclaimed property may be obtained by any person having legal or beneficial interest in that property by making a written inquiry to the administrator; and
c. A statement explaining that property of the owner is presumed to be abandoned and has been taken into the protective custody of the administrator.
L.1989, c.58, s.1; amended 2002, c.35, s.42.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-53 - Items which need not be included in published notice.

46:30B-53 Items which need not be included in published notice.
46:30B-53. Items which need not be included in published notice. The administrator is not required to publish in the notice any items of less than $100 unless the administrator considers their publication to be in the public interest.
L.1989, c.58, s.1; amended 2002, c.35, s.43.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-56 - Article not applicable to travelers checks or money orders or court deposits

46:30B-56. Article not applicable to travelers checks or money orders or court deposits
46:30B-56. Article not applicable to travelers checks or money orders or court deposits. This article is not applicable to sums payable on travelers checks, money orders, and other written instruments presumed abandoned under Article 4 of this chapter or court deposits presumed abandoned under Article 13 of this chapter. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-57 - Payment or delivery with report.

46:30B-57 Payment or delivery with report.
46:30B-57. Payment or delivery with report. At the time of the filing of the report as established by R.S.46:30B-49, a holder shall pay or deliver to the administrator all of the unclaimed property set forth in its report and all accretions thereon, except for the property provided for in R.S.46:30B-58.
Tangible property held in a safe deposit box or other safekeeping repository shall not be delivered to the administrator until 120 days after filing the report required by R.S.46:30B-47.
The administrator may decline to receive property reported under this chapter which the administrator considers to have value less than the expenses of notice and sale.
L.1989, c.58, s.1; amended 2002, c.35, s.44.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-58 - Establishment by owner of right to property before payment or delivery; erroneous presumption of abandonment

46:30B-58. Establishment by owner of right to property before payment or delivery; erroneous presumption of abandonment
46:30B-58. 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.
L.1989, c.58, s.1; amended 1995,c.152,s.3.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-59 - Payment or delivery of property not included in report

46:30B-59. Payment or delivery of property not included in report
46:30B-59. Payment or delivery of property not included in report. Property reported under Article 17 of this chapter for which the holder is not required to report the name of the apparent owner shall be delivered to the administrator at the time of filing the report. Source: New.
L.1989, c.58, s.1.
2023 New Jersey Revised Statutes › Title 46 - Property › Section 46:30B-60 - Delivery of duplicate certificates or other evidence of ownership by holder; holder, etc., relieved of liability

46:30B-60. Delivery of duplicate certificates or other evidence of ownership by holder; holder, etc., relieved of liability
46:30B-60. Delivery of duplicate certificates or other evidence of ownership by holder; holder, etc., relieved of liability. The holder of an interest under Article 10 of this chapter shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the administrator. Upon delivery of a duplicate certificate to the administrator, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of all liability of every kind in accordance with the provision of Article 20 to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the administrator, for any losses or damages resulting to any person by the issuance and delivery to the administrator of the duplicate certificate. Source: New.
L.1989, c.58, s.1.