State v. United States Steel Corp.

The opinion of the court was delivered by

Oliphant, J.

This is the appeal of a judgment resulting from a proceeding instituted under the Escheat Act, N. J. S. A. 2:53-15 et seq., as amended by L. 1951, c. 304, p. 1093, and was certified here pursuant to Rule 1:5-2 on petition of defendant-appellant, 10 N. J. 21 (1952). The cause was heard in the Superior Court, Chancery Division, before Judge Goldmann, the judgment of which court escheated certain preferred and common stock of the defendant-appellant, the whereabouts of the owners of which had been un*41known to it for 14 years prior to the…