N.J.S. § 46:30B-66 "Good Faith" Defined

LibraryNew Jersey Permanent Statutes
Edition2023
CurrencyCurrent through L. 2023, c. 130.
Year2023
CitationN.J.S. § 46:30B-66

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 purp...

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