Can you summarize NJST 3B:20-32?
A banking institution depositing securities pursuant to this article shall be subject to rules and regulations as, in the case of State chartered institutions the Commissioner of the Department of Banking and, in the case of national banks, the Comptroller of the Currency may from time to time issue. L.1981, c. 405, s. 3B:20-32, eff. May 1, 1982.
Can you summarize NJST 46:30B-1?
46:30B-1. Short title. This chapter shall be known and may be cited as the ‘Uniform Unclaimed Property Act.’ L.1989, c.58, s.1; amended 2002, c.35, s.1.
Can you summarize NJST 46:30B-42.1?
This legal document governs the presumption of abandonment of stored value cards, exceptions to the presumption, and cash redemption requirements. It applies to issuers of stored value cards and owners of stored value cards. The document specifies that a stored value card with no activity for five years is presumed abandoned. The proceeds of a general purpose reloadable card presumed abandoned are the value of the card on the date it is presumed abandoned, while the proceeds of other stored value cards presumed abandoned are 60% of the card’s value.
Can you summarize NJST 46:30B-43?
46:30B-43. Amounts presumed abandoned. In the case of credit balances, customer overpayments, security deposits, refunds, credit memoranda, unused tickets, or similar instruments, the amount presumed abandoned is the amount credited to the recipient. L.1989, c.58, s.1; amended 2002, c.35, s.36.
Can you summarize NJST 46:30B-72.1?
This legal document governs the sale of tangible property, such as jewelry and works of art, in the state of New Jersey. It applies to administrators who handle abandoned property. The document outlines the procedures to be followed for the sale, including sending notification to the owner, advertising the intent to auction in a local newspaper, preparing an itemized list of auctionable items, and compensating the holder of the unclaimed property.
Can you summarize NJST 46:30B-73?
The purchaser of property at any sale conducted by the administrator pursuant to this chapter takes the property free of all claims of the owner or previous holder thereof and of all persons claiming through or under them. The administrator shall execute all documents necessary to complete the transfer of ownership. Source: New. L.1989, c.58, s.1.
Can you summarize NJST 5:12-1?
The Casino Control Act, also known as the ‘Casino Control Act,’ is a legislative act that governs the tourist, resort, and convention industry in the State of New Jersey, with a specific focus on Atlantic City. The act recognizes the importance of the industry in contributing to the state’s economic structure and aims to develop, control, and foster it for the general welfare and prosperity of the state and its inhabitants.
Can you summarize NJST 5:12-100?
This legal document governs the conduct of authorized games in a casino room or through Internet gaming, as well as the possession, maintenance, and exhibition of gaming equipment. It applies to casino licensees, qualified holding or intermediary companies of casino licensees, slot system operators, and employees of casino licensees. Gaming equipment must be possessed, maintained, and exhibited only in designated areas approved by the division. Prior notice must be given for bringing gaming equipment into or removing it from the casino room or simulcasting facility.
Can you summarize NJST 5:12-139?
Casino License Fees. a. The division shall, by regulation, establish fees for the issuance of casino licenses. The issuance fee shall be based upon the cost of investigation and consideration of the license application and shall be not less than $200,000.00. b. The Attorney General shall certify actual and prospective costs of the investigative and enforcement functions of the division, which costs shall be the basis, together with the operating expenses of the commission, for the establishment of annual license issuance and renewal fees.
Can you summarize NJST 5:12-140?
a. In addition to any other tax or fee imposed by this act, there is also hereby imposed an annual license fee of $500.00 upon every slot machine; maintained for use or in use in any licensed casino establishment in this State. b. License fees imposed under the provisions of this section shall be imposed as of the first day of July of each year with regard to all slot machines maintained for use or in use on that date, and on a pro rata basis thereafter during the year with regard to all slot machines maintained for use or placed in use after July 1.