In re the November 8, 1996

The opinion of the court was delivered by

BROCHIN, J.A.D.

The Uniform Unclaimed Property Act, N.J.S.A 46:30B-1 to - 109 (the “Act” or the “New Jersey Act”), establishes a procedure by which intangible property1 that is presumed abandoned is transferred to the State as custodian for the absent owner.2 As part of that procedure, a person holding property subject to the Act that is “presumed abandoned” pursuant to its terms is required to report that property to the State. N.J.S.A 46:30B-46 to -49. Appellant, the Hilton at Short Hills, appeals from a determination by respondent, Department of the…