N.J.S.A. 46:30B-61 — Custody by state; holder relieved from liability

46:30B-61. Custody by state; holder relieved from liability 46:30B-61. Custody by state; holder relieved from liability. Upon the payment or delivery of property to the administrator, the state assumes custody and responsibility for the safekeeping of the property. A person who pays or delivers property to the administrator in good faith is relieved of all liability to the extent of the value of the property paid or delivered for any claim then existing or which thereafter may arise or be made in respect to the property. Source: New. L.1989, c.58, s.1.

This is the verbatim text of N.J.S.A. 46:30B-61, 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.