New Jersey Statutes
§ 46:30B-66 — "Good faith" defined
New Jersey·Title 46 PROPERTY
46:30B-66. "Good faith" defined. For the purposes of this article, "good faith" means that: a. Payment or delivery was made in a reasonable attempt to comply with this chapter; b. The person delivering the property was not a fiduciary then in breach of trust in respect to the property and had a reasonable basis for believing, based on the facts then known to him, that the property was abandoned for the purposes of this chapter; and c. There is no showing that the records pursuant to which the delivery was made did not meet reasonable commercial standards of practice in the industry. Source: New. L.1989, c.58, s.1.
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Nearby Sections
15
§ 46:30B-1
Short title.§ 46:30B-10.1
Presumption of location§ 46:30B-100
Joint enforcement§ 46:30B-102
Action by administrator in another state§ 46:30B-106
Unenforceable agreements§ 46:30B-107
Adoption of rules by administrator§ 46:30B-108
Transfer of funds and assets§ 46:30B-109
Statutes repealed§ 46:30B-12
Presumption of abandonment of money order.