N.J.S.A. 46:30B-85

Administrator may decline to receive property

46:30B-85. Administrator may decline to receive property 46:30B-85. Administrator may decline to receive property. The administrator may decline to receive any property reported under this chapter which he considers to have a value less than the expense of giving notice and of sale. If the administrator elects not to receive custody of the property, the holder shall be notified within 120 days after filing the report required under Article 17 of this chapter. Source: New. L.1989, c.58, s.1.

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This is the verbatim text of N.J.S.A. 46:30B-85, 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.