MATTER OF UNCLAIMED PROP. OFFICE


309 N.J. Super. 272 (1998)

IN THE MATTER OF THE NOVEMBER 8, 1996, DETERMINATION OF THE STATE OF NEW JERSEY, DEPARTMENT OF THE TREASURY, UNCLAIMED PROPERTY OFFICE.

Superior Court of New Jersey, Appellate Division.

Decided March 10, 1998.


Attorney(s) appearing for the Case

Bourne, Noll & Kenyon, attorneys for appellant, the Hilton at Short Hills (Michael O'B. Boldt, on the brief).

Peter Verniero, Attorney General of New Jersey, attorney for respondent Department of Treasury, Unclaimed Property Administrator (Joseph L. Yannotti, Assistant Attorney General, of counsel; Kevin M. Wolfe, Deputy Attorney General, on the brief).

Before Judges BROCHIN, WEFING and BRAITHWAITE.


The opinion of the court was delivered by BROCHIN, J.A.D.

The Uniform Unclaimed Property Act, N.J.S.A. 46:30B-1 to -109 (the "Act" or the "New Jersey Act"), establishes a procedure by which intangible property1 that is presumed abandoned is transferred to the State as custodian for the absent owner.2 As part of that procedure, a person holding property subject to the Act that is "presumed abandoned"...

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