New Jersey § 14:18-5

§ 14:18-5.

(a) A person asserting a claim of beneficial interest adverse to the transfer of a

security pursuant to an assignment by a fiduciary may give the corporation or transfer

agent written notice of the claim. The corporation or transfer agent is not put on notice unless the written notice

identifies the claimant, the registered owner and the issue of which the security

is a part, provides an address for communications directed to the claimant and is

received before the transfer. Nothing in this act relieves the corporation or transfer agent of any liability

for making or refusing to make the transfer after it is so put on notice, unless it

proceeds in the manner authorized in subsection (b). (b) As soon as practicable after the presentation of security for transfer pursuant

to an assignment by a fiduciary, a corporation or transfer agent which has received

notice of a claim of beneficial interest adverse to the transfer may send notice of

the presentation by registered or certified mail to the claimant at the address given

by him. If the corporation or transfer agent so mails such a notice it shall withhold the

transfer for 30 days after the mailing and shall then make the transfer unless restrained

by a court order.