Section 54:5-57.1 - Unclaimed redemption monies.

NJ Rev Stat § 54:5-57.1 (2019) (N/A)
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54:5-57.1 Unclaimed redemption monies.

13. In the event that the owner of a tax lien shall fail to surrender a tax sale certificate within five years of being notified of redemption pursuant to R.S.54:5-57, the unclaimed redemption monies shall escheat to the municipality. The provisions of this section shall apply to any redemption monies being held by a tax collector on or after the effective date of P.L.2009, c.320 (C.54:5-20.1 et al.).

L.2009, c.320, s.13.