46:30B-66. 'Good faith' defined 46:30B-66. 'Good faith' defined. For the purposes of this article, 'good faith' means that: a. Payment or delivery was made in a reasonable attempt to comply with this chapter; b. The person delivering the property was not a fiduciary then in breach of trust in respect to the property and had a reasonable basis for believing, based on the facts then known to him, that the property was abandoned for the purposes of this chapter; and c. There is no showing that the records pursuant to which the delivery was made did not meet reasonable commercial standards of practice in the industry. Source: New. L.1989, c.58, s.1.
New Jersey Legal Code