New Jersey § 46:30b-69
Full text of New Jersey New Jersey Statutes § 46:30b-69, with citation guidance and answers to common questions.
§ 46:30b-69.
Except as provided in R.S.46:30B-70 and R.S.46:30B-71 , the administrator shall, within three years after the receipt of abandoned property,
sell it to the highest bidder at public sale in whatever municipality in the state
affords in the judgment of the administrator the most favorable market for the property
involved. The administrator may decline the highest bid and reoffer the property for sale
if in the judgment of the administrator the bid is insufficient. If in the judgment of the administrator the probable cost of sale exceeds the value
of the property, it need not be offered for sale. Except as provided in R.S. 46:30B-72.1 , any sale held under this section shall be preceded by a single publication of notice,
at least three weeks in advance of sale, in a newspaper of general circulation in
the county in which the property is to be sold.
Frequently Asked Questions About New Jersey § 46:30b-69
What does New Jersey Statutes § 46:30b-69 cover?
Section 46:30b-69 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-69?
A common citation format is "New Jersey Statutes § 46:30b-69" (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-69 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.