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STATE v. NEW JERSEY NATIONAL BANK

117 N.J. Super. 38 (1971)

283 A.2d 543

STATE OF NEW JERSEY, PLAINTIFF, v. NEW JERSEY NATIONAL BANK AND TRUST CO., A CORPORATION ORGANIZED UNDER THE LAWS OF THE UNITED STATES, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided October 27, 1971.

Attorney(s) appearing for the Case

Mr. Robert W. Dempsey, Deputy Attorney General, for plaintiff (Mr. George F. Kugler, Jr., Attorney General, attorney).

Mr. Stephen C. Carton for defendant (Messrs. Carton, Nary, Witt & Arvanitis, attorneys).

SEIDMAN, J.C.C. (temporarily assigned).

This is an escheat action under N.J.S. 2A:37-11 et seq., the subject matter of which is unclaimed personal property held by the corporate defendant, consisting of shares of stock (including stock splits and stock dividends), ordinary cash dividends, and cash in lieu of stock dividends. During the course of these proceedings petitions were filed by claimants to portions...

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