46:30B-41.2 - Presumption of abandonment: governmental entity - New Jersey Statutes

46:30B-41.2  Presumption of abandonment:  governmental entity.

46:30B-41.2. Presumption of abandonment:  governmental entity. Except as otherwise provided in this article, any property where the obligor is the executive, legislative, or judicial branch of the United States Government, or a state, or a county or municipal subdivision of a state, or any of their authorities, agencies, instrumentalities, administrations, services or other organizations, and remaining unclaimed for more than one year after it became payable or distributable is presumed abandoned.

L.1989, c.58, s.1; amended 2002, c.35, s.33.