N.J.S.A. 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.

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This is the verbatim text of N.J.S.A. 46:30B-42, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.