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New Jersey Statutes, Title: 30, INSTITUTIONS AND AGENCIES

    Chapter 4: Boards of trustees; appointment; terms; vacancies; removal; compensation; organization

      Section: 30:4-132: Sale of unclaimed property; proceeds; disposition

           Unclaimed personal property of deceased patients, and of other former patients of an institution supported in whole or in part by state funds, shall be held at such institution, awaiting claim therefor, for a period of one year, after which time, under the direction of the commissioner and at a time named by him, unclaimed property may be sold, at public or private sale. The proceeds shall be held by the chief executive officer of the institution until the end of the succeeding fiscal year, at which time he shall turn into the state treasury all proceeds remaining unclaimed by the persons legally entitled thereto.



This section added to the Rutgers Database: 2012-09-26 13:37:49.






Older versions of 30:4-132 (if available):



Court decisions that cite this statute: CLICK HERE.