New Jersey § 46:30b-72

§ 46:30b-72.

Unless the administrator considers it to be in the best interest of the State to do

otherwise, all securities presumed abandoned under Article 10 of this chapter and

delivered to the administrator shall be held for one year before the administrator may sell them. If the administrator sells any securities delivered pursuant to Article 10 of this

chapter before the expiration of the one-year period, any person making a claim pursuant to this chapter before the end of the one-year period is entitled to either the proceeds of the sale of the securities or the market

value of the securities at the time the claim is made, whichever amount is greater,

less any deduction for fees pursuant to R.S.46:30B-75 . If the value of the securities is less than the cost of re-registration, then the

owner shall have the option to pay the re-registration fee and receive the security

or be paid the present value of the security. A person making a claim under this chapter after the expiration of this period is

entitled to receive either the securities delivered to the administrator by the holder,

if they still remain in the hands of the administrator, or the proceeds received from

sale, less any amounts deducted pursuant to R.S.46:30B-75 , but no person has any claim under this chapter against the State, the holder, any

transfer agent, registrar, or other person acting for or on behalf of a holder for

any appreciation in the value of the property occurring after delivery by the holder

to the administrator.