American Express Travel Related Services Co. v. Sidamon-Eristoff
District Court, D. New Jersey
1Opinion of the Court
OPINION
FREDA L. WOLFSON, District Judge.
On November 15, 2010, 1 New Jersey’s recent amendment to its Unclaimed Property Law, 2010 N.J. Laws Chapter 25 (“Chapter 25” or “the Act”), will take effect. Chapter 25, inter alia, amends New Jersey’s unclaimed property statute, N.J. S.A. 46:30B-1, et seq. (“Unclaimed Property Act”), modifying the presumptive abandonment period for travelers checks from fifteen years to three years, and, for the first time, Chapter 25 provides for the custodial escheat of stored value cards. See Chapter 25, §§ 2, 5. Plaintiffs American Express Travel Related Services…
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3Cited by15 opinions
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