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CLYMER v. SUMMIT BANCORP

758 A.2d 652 (2000)

334 N.J. Super. 252

Brian W. CLYMER, Treasurer of the State of New Jersey, in his capacity as the Unclaimed Property Administrator, Plaintiff-Respondent, v. SUMMIT BANCORP, Formerly UJB Financial Corporation, a New Jersey Corporation, Defendant-Appellant.

Superior Court of New Jersey, Appellate Division.

Decided September 22, 2000.

Attorney(s) appearing for the Case

William C. Slattery, Short Hills, argued the cause for appellant (Slattery & Jespersen, attorneys; Mr. Slattery, of counsel and on the brief).

Clifford T. Rones, Deputy Attorney General, argued the cause for respondent (John J. Farmer, Jr., Attorney General, attorney; Nancy Kaplen, Assistant Attorney General, of counsel; Mr. Rones, on the brief).

Before Judges STERN, KESTIN and WEFING.

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

Proceeding under N.J.S.A. 46:30B-97 to enforce New Jersey's version of the Uniform Unclaimed Property Act, N.J.S.A. 46:30B-1 to -109 (UUPA), the State seeks custodial escheat of the principal and interest on unredeemed bearer and registered governmental bonds for years 1994 and 1995, which defendant, Summit Bancorp (Summit), holds as fiscal agent. In Clymer v. Summit Bancorp,

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