Court Opinion

ID: 9696086
Source: CourtListenerOpinion
Date Created: 2023-08-25 18:35:58.039455+00
Date Added: 2024-06-11T18:20:18.343657
License: Public Domain

Heher, J.
(concurring). I join in the affirmance of the judgment, and generally for the reasons expressed in the opinion of Mr. Justice Oliphant.
As to the subject matter of the State’s cross-appeal, the unclaimed dividends declared within 14 years prior to the filing of the complaint herein, the statutory principle in-*49yoked raises a rebuttable presumption of abandonment where the subject personal property “has been or shall be and remain unclaimed for the period of fourteen successive years” (N. J. 8. A. 2:53-17), and where the proceeding is grounded in this principle, unclaimed dividends declared within that period are not escheatable.
But, for the reasons stated in my dissenting opinion in State v. Otis Elevator Co., 12 N. J. 1, I would not allow a counsel fee to the appellant custodian.