New Jersey § 46:30B-65 Defending and indemnifying holder against claims for property paid or delivered.

New Jersey Statutes

§ 46:30B-65 — Defending and indemnifying holder against claims for property paid or delivered.

New Jersey § 46:30B-65

Title 46PROPERTY

This text of New Jersey § 46:30B-65 (Defending and indemnifying holder against claims for property paid or delivered.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 46:30B-65 (2026).

Text

46:30B-65. Defending and indemnifying holder against claims for property paid or delivered. If the holder pays or delivers property to the administrator in good faith and thereafter another person claims the property from the holder or another state claims the money or property under its laws relating to escheat or abandoned or unclaimed property, the administrator, upon written notice of the claim, shall defend the holder against the claim and indemnify the holder against any liability on the claim to the extent of the property paid or delivered to the administrator on behalf of the apparent owner. L.1989, c.58, s.1; amended 2002, c.35, s.46.

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46:30B-65. Defending and indemnifying holder against claims for property paid or delivered. If the holder pays or delivers property to the administrator in good faith and thereafter another person claims the property from the holder or another state claims the money or property under its laws relating to escheat or abandoned or unclaimed property, the administrator, upon written notice of the claim, shall defend the holder against the claim and indemnify the holder against any liability on the claim to the extent of the property paid or delivered to the administrator on behalf of the apparent owner. L.1989, c.58, s.1; amended 2002, c.35, s.46.