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STATE v. THE NATIONAL STATE BANK OF NEWARK

44 N.J. Super. 501 (1957)

130 A.2d 901

STATE OF NEW JERSEY, PLAINTIFF, v. THE NATIONAL STATE BANK OF NEWARK, A CORPORATION, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided April 10, 1957.

Attorney(s) appearing for the Case

Mr. Howard T. Rosen, attorney for plaintiff.

Messrs. Darby & McDonough (Mr. William G. Wood appearing), attorneys for defendant.

SULLIVAN, J.S.C.

This case poses a novel point. Plaintiff, the State of New Jersey, has filed proceedings against defendant, the National State Bank of Newark, under the 14-year Escheat Act, N.J.S. 2A:37-11 et seq.

Briefly, the complaint charges that the defendant has in its custody or possession personal property which has escheated to the State under the aforesaid act. Defendant has filed an answer setting forth that it has $436.50 in...

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