46:30B-10.2 - Presumption of abandonment after issuance - New Jersey Statutes

46:30B-10.2  Presumption of abandonment after issuance.

9.Presumption of abandonment after issuance.  A record of the issuance of a check, draft, or similar instrument is prima facie evidence of an obligation.  In claiming property from a holder who is also the issuer, the administrator's burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument and passage of the requisite period of abandonment.  Defenses of payment, satisfaction, discharge, and want of consideration are affirmative defenses that shall be established by the holder.

L.2002,c.35,s.9.