§560:3-914 - Disposition of unclaimed assets.
§560:3-914 Disposition of unclaimed assets.
When any real or personal property remains in the hands of the personal
representative or trustee, after payment in the order specified in section
560:3-805, and no heirs, devisees, or claimants of the decedent, or
beneficiaries of a trust, entitled to the property, can be located after
reasonable search and inquiry, the personal representative or trustee, at the
filing of the petition for final accounts, or termination of the trust, shall
report the fact to the court, which shall forthwith enter an order authorizing
the transfer of the property to the state director of finance, and the personal
representative or trustee shall immediately transfer the property to the
director of finance for disposition as provided in chapters 523A and 665,
whichever is appropriate. The state director of finance, at any time, may
authorize the payment out of the general funds of any amount so forwarded to
any person who establishes to the satisfaction of the director of finance that
the person is legally entitled as an heir, devisee, or claimant of the
decedent, or a beneficiary of a trust, and the person shall be entitled to
receive the amount out of any moneys in the general revenues of the State not
otherwise appropriated, upon warrant drawn by the state comptroller. [L 1996, c
288, pt of §1; am L 1997, c 244, §11; am L 2000, c 48, §4]
Rules of Court
Distribution to missing persons, see HPR rule 85.