46:30B-33 - When period of abandonment ceases - New Jersey Statutes

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 sum payable to the owner as a result of the interest is subsequently not claimed by the owner, a new period of abandonment commences and relates back to the time a subsequent dividend, distribution, or other sum became due and payable.

L.1989, c.58, s.1; aended 2002, c.35, s.23.