Statutes, codes, and regulations
New Jersey Administrative Code
Title 17 - TREASURY - GENERALChapter 18 - UNCLAIMED PERSONAL PROPERTY
Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES
Section 17:18-1.6 - Alternate disposition and indemnification of holder upon election of administrator not to receive the property

N.J. Admin. Code § 17:18-1.6

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Current through Register Vol. 56, No. 23, December 2, 2024
Section 17:18-1.6 - Alternate disposition and indemnification of holder upon election of administrator not to receive the property
(a) A representative of the Unclaimed Property Administration shall verify that the contents are of insubstantial commercial value.
(b) If the administrator declines to receive any property because of insubstantial commercial value, the holder may dispose of the property as it sees fit, provided that the holder gives notice to the administrator prior to such disposition as to its intentions.

N.J. Admin. Code § 17:18-1.6

Amended by R.2006 d.222, effective 6/19/2006.
See: 37 N.J.R. 4390(a), 38 N.J.R. 2732(a).
Added new (a); recodified former (a) as (b) and in new (b), deleted "and the administrator . . . for legal purposes"; and deleted former (b) through (d).