New Jersey § 46:30b-18
Full text of New Jersey New Jersey Statutes § 46:30b-18, with citation guidance and answers to common questions.
§ 46:30b-18.
A demand, savings, or time deposit , including a deposit that is automatically renewable, and any funds paid toward the
purchase of a share, a mutual fund investment certificate, or any other interest in a financial organization is presumed abandoned three years after the earlier of maturity or the date of the last indication by the
owner of interest in the property, but a deposit that is automatically renewable is
deemed matured for the purposes of this section upon its initial date of maturity,
unless the owner has consented to a renewal at or about the time of renewal and the
consent is in writing or is evidenced by a contemporaneous memorandum or other record
on file with the holder, provided, however, that such abandonment shall not be deemed
to have occurred if the owner, within the time period stated above has : a. In the case of a deposit, increased or decreased its amount or presented the passbook
or other similar evidence of the deposit for the crediting of interest; b. Communicated in writing with the financial organization concerning the property; c. Otherwise indicated an interest in the property as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the financial organization; d. Owned other property to which subsection a., b., or c. applies and if the financial organization communicates in writing with the owner with regard to the property
that would otherwise be presumed abandoned under this section at the address to which
communications regarding the other property regularly are sent; or e. Had another relationship with the financial organization concerning which the owner has: (1) Communicated in writing with the financial organization, or (2) Otherwise indicated an interest as evidenced by a contemporaneous memorandum or other record on file prepared by an employee of the financial organization and if the financial organization communicates in writing with the owner with regard to the
property that would otherwise be abandoned under this section at the address to which
communications regarding the other relationship regularly are sent.
Frequently Asked Questions About New Jersey § 46:30b-18
What does New Jersey Statutes § 46:30b-18 cover?
Section 46:30b-18 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 46:30b-18?
A common citation format is "New Jersey Statutes § 46:30b-18" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 46:30b-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.