N.J.S.A. 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.

This is the verbatim text of N.J.S.A. 46:30B-58, 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.