N.J. Stat. § 46:30B-66

Current through L. 2024, c. 87.

Section 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.

N.J.S. § 46:30B-66

L.1989, c.58, s.1.