17:25-4 - Retirement of unclaimed scrip - New Jersey Statutes

17:25-4.  Retirement of unclaimed scrip    When a company incorporated as a mutual insurance company has issued scrip or certificates of contribution to its capital, but is unable to ascertain the name or residence of the present owner thereof to whom to pay the interest or dividends thereon, and the interest or dividends have accumulated for six years  or more and are being held for the benefit of the owner, the company may retire  the scrip or certificates as hereinafter provided.