The State of New Jersey by Theodore D. Parsons, Attorney-General of the State of New Jersey, Plaintiff-Respondent…

Summary

The Supreme Court of New Jersey affirmed the lower court's judgment that the State may obtain custody of unclaimed wage claims, but held that a corporation may assert the statute of limitations defense only if the limitation expired before service of the order to show cause and that failure to report escheatable property under N.J.S. 2A:37-42 defeats that defense. The Court also affirmed the award of counsel fees on the cross‑appeal. Justice Heher dissented, arguing that the reporting duty does not apply to corporations and that the defense of limitations should not be undermined by a reporting failure.