56:4A-3 - Customer's failure to take possession following notice; destruction - New Jersey Statutes

56:4A-3.  Customer's failure to take possession following notice; destruction
    If a customer does not take possession of the particular die, mold, or form  within 120 days following the date the molder receives acknowledgement or  nonacknowledgement of the return receipt of the notice or does not make other  contractual arrangements with the molder for taking possession or for the  storage thereof, all rights, title, and interest of the customer shall transfer  by law to the molder.  Thereafter, the molder shall be entitled to destroy the  particular die, mold, or form as the molder's own property without any risk of  liability to the customer.

     L.1983, c. 217, s. 3.