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STATE v. F.W. WOOLWORTH CO.

45 N.J. Super. 259 (1957)

132 A.2d 550

STATE OF NEW JERSEY, BY GROVER C. RICHMAN, JR., ATTORNEY-GENERAL OF THE STATE OF NEW JERSEY, PLAINTIFF, v. F.W. WOOLWORTH CO., A NEW YORK CORPORATION, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided June 4, 1957.

Attorney(s) appearing for the Case

Mr. Joseph Tomaselli, attorney specially appointed, argued the cause for plaintiff (Mr. Grover C. Richman, Jr., Attorney-General of State of New Jersey, attorney; Mr. Charles Kehoe, Deputy Attorney-General, also appeared for plaintiff).

Mr. Doane Twombly argued the cause for defendant (Mr. Harrison F. Durand, attorney).

SCHETTINO, J.S.C.

This action was commenced under N.J.S. 2A:37-29 et seq., known as the Custodial Escheat Act. The case has been submitted on stipulations of facts, memoranda of law and oral argument.

Plaintiff alleges that defendant has in its custody or possession moneys payable to various persons as dividends upon its capital stock having a situs within this State; that these moneys have remained unclaimed by the owners thereof...

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