If you placed a claim on property belonging to a business or corporation, you will be requested to provide specific documentation that proves you have the legal capacity to complete a claim on behalf of the business. The documentation listed below is examples of the types that may be requested. Please do not provide the UPA with any documentation unless it is request by the UPA through formal correspondence (claim packet).
Types of Documentation Requested (click to expand and close)
As part of the claim documentation process, the UPA needs a clear photocopy of your personal identification card. This form of ID must contain a photo and a signature. Examples of acceptable documents proving your identification are, but not limited to:
Provide the original stock certificate(s) or an original statement. If you’re sending the original statement, make sure the statement clearly displays the amount of shares you’re attempting to recover.
If the value of any individual property is $50,000.00 or more and claimant does not have the original instrument then claimant must obtain a Bond of Indemnity. Bond of Indemnity is an indemnification agreement filed with a Surety Company. An Indemnity bond will relieve the State of New Jersey from any liability if a superior claim should be made on the same property. For further instructions for obtaining a Bond of Indemnity please contact your assigned Claims Investigator.
If the company has changed its name from that listed on the enclosed claim packet, provide proof of company's name change. NOTE: If a company is no longer in business, the UPA will need a tax clearance certificate to process your claim.
Provide a current letter authorizing you to act on behalf of the business. The letter should be on company letterhead, must be signed by a corporate officer other than yourself, and either contain the corporate seal or be signed in the presence of a notary public.
Your shares have been liquidated pursuant to NJSA 46:30B-72:
Securities to be held one year before sale; rights of claimant if securities sold before or after end of one-year period. Unless the administrator considers it to be in the best interest of the State to do otherwise, all securities presumed abandoned under Article 10 of this chapter and delivered to the administrator shall be held for one year before the administrator may sell them. If the administrator sells any securities delivered pursuant to Article 10 of this chapter before the expiration of the one-year period, any person making a claim pursuant to this chapter before the end of the one-year period , any person making a claim pursuant to this chapter before the end of the one-year period is entitled to either the proceeds of the sale of the securities or the market value of the securities at the time the claim is made, whichever amount is greater, less any deduction for fees pursuant to R.S.46:30B-75. If the value of the securities is less than the cost of re-registration, then the owner shall have the option to pay the re-registration fee and receive the security or be paid the present value of the security. A person making a claim under this chapter after the expiration of this period is entitled to receive either the securities delivered to the administrator by the holder, if they still remain in the hands of the administrator, or the proceeds received from sale, less any amounts deducted pursuant to R.S.46:30B-75, but no person has any claim under this chapter against the State, the holder, any transfer agent, registrar, or other person acting for or on behalf of a holder for any appreciation in the value of the property occurring after delivery by the holder to the administrator.
This claim involves securities held in the unclaimed property portfolio. You must check either “Re-Register” or “Sale” on the property detail section of your claim packet. If you re-register your securities, you may receive a physical certificate for your share(s) or you may receive a statement as evidence of ownership. The company or its transfer agent will then hold your securities in book entry form. Once you receive the statement, you may contact the agent for any further transaction regarding your shares.
Submit the original document for the property that is listed in the property detail section of your claim packet. For example, if the property you’re claiming was an old savings account we would need the original bank issued savings booklet. If the property you’re requesting was an uncashed check, then we would need the original check that was issued.