At the time of the filing of the report as established by R.S. 46:30B-49, a holder shall pay or deliver to the administrator all of the unclaimed property set forth in its report and all accretions thereon, except for the property provided for in R.S. 46:30B-58.
Tangible property held in a safe deposit box or other safekeeping repository shall not be delivered to the administrator until 120 days after filing the report required by R.S. 46:30B-47.
The administrator may decline to receive property reported under this chapter which the administrator considers to have value less than the expenses of notice and sale.
N.J.S. § 46:30B-57