Title 46, Title 46: PROPERTY

46:30B-100. Joint enforcement 46:30B-100. Joint enforcement. The administrator may join with other states to seek enforcement of the Uniform Unclaimed Property Act against any person who is or may be holding property reportable under this chapter. Source: New. L.1989, c.58, s.1.

46:30B-101. Attorney General may bring action in behalf of another state 46:30B-101. Attorney General may bring action in behalf of another state. At the request of another state, the Attorney General of this State may bring an action in the name of the administrator of another s…

46:30B-102. Action by administrator in another state 46:30B-102. Action by administrator in another state. The administrator may request that the Attorney General of another state or any other person bring an action in the name of the administrator in the other state. This State …

46:30B-103. Interest payable for failure to pay or deliver property in time 46:30B-103. Interest payable for failure to pay or deliver property in time. A person who fails to pay or deliver property within the time prescribed by this chapter shall pay to the administrator interes…

46:30B-104 Penalty for failure to render report or perform other duties. 46:30B-104. Penalty for failure to render report or perform other duties. Except as otherwise provided in R.S.46:30B-105 or 46:30B-105.1, a holder who fails to report, pay or deliver property within the time…

46:30B-105 Penalty for willful failure to report, pay or deliver property. 46:30B-105. Penalty for willful failure to report, pay or deliver property. A holder who willfully fails to report, pay, or deliver property within the time prescribed by chapter 30B of Title 46 of the Rev…

46:30B-105.1 Penalty for fraudulent report. 46:30B-105.1. Penalty for fraudulent report. A holder who makes a fraudulent report shall pay to the administrator, in addition to interest as provided in R.S.46:30B-103, a civil penalty of $1,000 for each day the report is withheld up …

46:30B-105.2 Calculation of penalty and interest after examination. For the purpose of assessing and calculating the penalties and interest on unclaimed property discovered during an examination or audit and previously payable or distributable but not paid to the administrator, t…

46:30B-105.3 Waiver of penalty and interest. 73. Waiver of penalty and interest. The administrator shall have discretion to waive the payment of penalties and interest or to reduce the amount of the interest in an appropriate circumstance. L.2002,c.35,s.73.

46:30B-106. Unenforceable agreements 46:30B-106. Unenforceable agreements. All agreements to pay compensation to locate, deliver, recover, or assist in the recovery of property reported under this chapter, made within 24 months after the date that the property is paid or delivere…

46:30B-107. Adoption of rules by administrator 46:30B-107. Adoption of rules by administrator. Pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), the administrator may adopt necessary rules to carry out the provisions of this chapter. Source: Ne…

46:30B-108. Transfer of funds and assets 46:30B-108. Transfer of funds and assets. Upon the effective date of the chapter, all funds and assets remaining in the trust fund heretofore established pursuant to N.J.S.2A:37-41 are hereby transferred to and shall become a part of the s…

46:30B-109. Statutes repealed 46:30B-109. Statutes repealed. The following are repealed: N.J.S.2A:15-76 to N.J.S.2A:15-85 inclusive; N.J.S.2A:15-86 to N.J.S.2A:15-91 inclusive; N.J.S.2A:37-11 to N.J.S.2A:37-33 inclusive; N.J.S.2A:37-35 and N.J.S.2A:37-36; N.J.S.2A:37-41; N.J.S.2A…

46:30B-11 Presumption of abandonment of travelers check. 46:30B-11. Presumption of abandonment of travelers check. Subject to R.S.46:30B-14, any sum payable on a travelers check that has been outstanding for more than three years after its issuance is presumed abandoned unless th…

46:30B-12 Presumption of abandonment of money order. 46:30B-12. Presumption of abandonment of money order. Subject to R.S.46:30B-14, any sum payable on a money order or similar written instrument that has been outstanding for more than three years after its issuance is presumed a…

46:30B-13 Limitation on holder's power to impose service charges. 46:30B-13. Limitation on holder's power to impose service charges. A holder may not deduct from the amount of a travelers check or money order any charge imposed by reason of the failure to present the instrument f…

46:30B-14 Conditions subjecting property to custody of State. 46:30B-14. Conditions subjecting property to custody of State. A sum payable on a travelers check, money order, or similar written instrument, described in R.S.46:30B-11 and R.S.46:30B-12 may not be subjected to the cu…

46:30B-15. Application of R.S.46:30B-14 in certain cases 46:30B-15. Application of R.S.46:30B-14 in certain cases. Notwithstanding any other provisions of this chapter, R.S.46:30B-14 applies to sums payable on travelers checks, money orders, and similar written instruments presum…

46:30B-16 Presumption of abandonment. 46:30B-16. Presumption of abandonment. Any sum payable on a check, draft, or similar instrument, except those subject to R.S.46:30B-11 and R.S.46:30B-12, on which a financial organization is directly liable, including a cashier's check and a …

46:30B-17 Limitation on holder's power to impose charges. 46:30B-17. Limitation on holder's power to impose charges. A holder may not deduct from the amount of any instrument subject to R.S.46:30B-16 any charge imposed by reason of the failure to present the instrument for paymen…

46:30B-18 Presumption of abandonment. 46:30B-18. Presumption of abandonment. A demand, savings, or time deposit, including a deposit that is automatically renewable, and any funds paid toward the purchase of a share, a mutual fund investment certificate, or any other interest in …

46:30B-19. Includable in "property" 46:30B-19. Includable in "property." For purposes of R.S.46:30B-18 property includes interest and dividends. Source: New. L.1989, c.58, s.1.

46:30B-2. Construction 46:30B-2. Construction. Except for the provisions of this chapter which apply solely to this jurisdiction, this chapter shall be applied and construed as to effectuate its general purpose to make uniform the law with respect to the subject of this law among…

46:30B-20 Limitation on holder's power to impose charges. 46:30B-20. Limitation on holder's power to impose charges. A holder may not impose with respect to property described in R.S.46:30B-18 any charge due to dormancy or inactivity or cease payment of interest unless: a. There …

46:30B-21 When automatically renewable property is matured. 46:30B-21. When automatically renewable property is matured. Any property described in R.S.46:30B-18 that is automatically renewable is matured for purposes of R.S.46:30B-18 upon the expiration of its initial time period…

46:30B-22 Presumption of abandonment. 46:30B-22. Presumption of abandonment. Funds held or owing under any life or endowment insurance policy or annuity contract that has matured or terminated are presumed abandoned if unclaimed for more than three years after the funds became du…

46:30B-23. Presumed address of person entitled to funds other than insured or annuitant if address unknown 46:30B-23. Presumed address of person entitled to funds other than insured or annuitant if address unknown. If a person other than the insured or annuitant is entitled to th…

46:30B-24 Determining maturity of insurance policy or annuity contract. 46:30B-24. Determining maturity of insurance policy or annuity contract. For purposes of this article, a life or endowment insurance policy or annuity contract not matured by actual proof of death of the insu…

46:30B-25. Effect of automatic premium loan provision or nonforfeiture provision upon maturity or termination of insurance policy. 46:30B-25. Effect of automatic premium loan provision or nonforfeiture provision upon maturity or termination of insurance policy. For purposes of th…

46:30B-26. Notice to insured or owner of policy of exercise of automatic premium loan or other nonforfeiture provision 46:30B-26. Notice to insured or owner of policy of exercise of automatic premium loan or other nonforfeiture provision. If the laws of this State or the terms of…

46:30B-27. Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary 46:30B-27. Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary. Notwithstanding any other provision of law, if the company learns of the death of the insured o…

46:30B-28. Information to be requested in change of beneficiary form 46:30B-28. Information to be requested in change of beneficiary form. Commencing two years after the effective date of this chapter, every change of beneficiary form issued by an insurance company under any life…

46:30B-28.1 Property distributable by insurance company. 20. Property distributable by insurance company. Property distributable in the course of demutualization or related reorganization of an insurance company which remains unclaimed is deemed abandoned three years after the ea…

46:30B-29. Presumption of abandonment 46:30B-29. Presumption of abandonment. A deposit, including any interest thereon, made by a subscriber with a utility to secure payment or any sum paid in advance for utility services to be furnished, less any lawful deductions, that remains …

46:30B-3. Foreign transactions. This chapter does not apply to any property held, due and owing in a foreign country and arising out of a foreign transaction. L.1989, c.58, s.1.

46:30B-30. Presumption of abandonment 46:30B-30. Presumption of abandonment. Except to the extent otherwise ordered by a court or an administrative agency, any sum that a business association has been ordered to refund by the court or administrative agency which has remained uncl…

46:30B-31 Presumption of abandonment. 46:30B-31. Presumption of abandonment. Stock or other interest in a business association, including a debt obligation other than a bearer bond or original issue discount bond, is presumed abandoned: three years after the earlier of the date o…

46:30B-32 Presumption of abandonment for failure to claim dividend or distribution. 46:30B-32. Presumption of abandonment for failure to claim dividend or distribution. At the expiration of a three- year period following the failure of the owner to claim a dividend, distribution,…

46:30B-33 When period of abandonment ceases. 46:30B-33. When period of abandonment ceases. The running of the three-year period of abandonment ceases immediately upon the occurrence of a communication referred to in R.S.46:30B-31. If any future dividend, distribution, or other su…

46:30B-34 Items presumed abandoned when interest presumed abandoned. 46:30B-34. Items presumed abandoned when interest presumed abandoned. At the time an interest is presumed abandoned under chapter 30B of Title 46 of the Revised Statutes, any other property right accrued or accr…

46:30B-36 Presumption of abandonment. 46:30B-36. Presumption of abandonment. Property distributable in the course of a dissolution of a business association which remains unclaimed by the owner for more than one year after the date specified for final distribution is presumed aba…

46:30B-37 Presumption of abandonment. 46:30B-37. Presumption of abandonment. Property and any income or increment derived therefrom held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within three years after it has become payabl…

46:30B-37.1 Presumption of abandonment: unclaimed estate assets. 46:30B-37.1 Presumption of abandonment: unclaimed estate assets. Except as otherwise provided in this section, property held by a fiduciary as defined in N.J.S.3B:1-1 or an assignee under N.J.S.2A:19-1 et seq. and r…

46:30B-37.2 Debt of business association. 28. Debt of business association. The debt of a business association, other than bearer bonds or an original issue discount bond, is presumed abandoned three years after the date of the earliest interest payment unclaimed by the apparent …

46:30B-38 Funds in retirement account or plan. 46:30B-38. Funds in retirement account or plan. Property in an individual retirement account, defined benefit plan, or other account or plan that is qualified for tax deferral under the income tax laws of the United States becomes ab…

46:30B-38.1 Funds in non-traditional retirement account or plan. 30. Funds in non-traditional individual retirement account or plan. Property in individual retirement accounts for which no distribution is required under the income tax laws of the United States becomes abandoned t…