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New Jersey Statutes, Title: 46, PROPERTY
Chapter 30b:
Section: 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.
This section added to the Rutgers Database: 2012-09-26 13:37:54.
Older versions of 46:30b-42 (if available):
Court decisions that cite this statute:
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