New Jersey § 2a:18-78

§ 2a:18-78.

Property that has been conclusively presumed to be abandoned may be disposed of in

any of the following ways: a. The landlord may sell the property at a public or private sale; b. The landlord may destroy or otherwise dispose of the property if the landlord reasonably

determines that the value of the property is so low that the cost of storage and conducting

a public sale would probably exceed the amount that would be realized from the sale;

or c. The landlord may sell certain items and destroy or otherwise dispose of the remaining

property, in accordance with subsections a. and b. of this section. A public or private sale authorized by this section shall be conducted in accordance

with the provisions of 12A:9-601 et seq. of the “Uniform Commercial Code” .