46:30B-42 Presumption of abandonment.
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/nj/title-46/chapter-30b/46-30b-42·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.