Back to Statutes By Title
Title: PROPERTY
Section: Effect of chapter on duty of holder to report, pay and deliver property under prior law.
Statute: 46:30B-4
Statute Text
46:30B-4. Effect of chapter on duty of holder to report, pay and deliver property under prior law. This chapter does not relieve a holder of a duty that arose before the effective date of this chapter to report, pay, or deliver property. A holder who did not comply with the law in effect before the effective date of this chapter is subject to the applicable enforcement and penalty provisions that then existed and they are continued in effect for the purpose of this section, subject to R.S.46:30B-89; however, after the effective date of this chapter, the interest and penalties set forth in article 34 of this chapter shall be assessed against the holder for failure to report, pay or deliver the property presumed abandoned in accordance with the prior statutory provisions.
L.1989, c.58, s.1; amended 2002, c.35, s.2.
The statute data presented on this website was last updated April 10, 2011. For up to date statutes and other legislation articles consult the NJ legislation website at http://www.njleg.state.nj.us. Sammarro & Zalarick cannot be held responsible for any errors or discrepancies in the statute data presented on this website.