46:30B-42 - Presumption of abandonment - New Jersey Statutes

46:30B-42  Presumption of abandonment.

46:30B-42.  Presumption of abandonment.  A credit balance, customer overpayment, security deposit, refund, credit memorandum, unused ticket, or similar instrument that occurs or is issued in the ordinary course of business which remains unclaimed by the owner for more than three years after becoming payable or distributable is presumed abandoned.

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