Section 1300. Unclaimed surplus from sale of pledged property

   1. Any
  unclaimed moneys arising from the sale of any  personal  property  which
  shall  have  been pledged or mortgaged as security for the loan of money
  with a corporation, except a banking organization or a licensed  lender,
  heretofore  or  hereafter  organized by or pursuant to a special statute
  for  the  purpose  of,  and  principally  engaged  in,  giving  aid   to
  individuals by loans of money at interest upon the pledge or mortgage of
  personal  property, and which has subjected itself to special provisions
  of the banking law, after deducting the amount of the loan, the interest
  then due on the same and any other  lawful  charges,  which  shall  have
  remained  in  its  possession  for six years from the date of such sale,
  shall be deemed abandoned property.
    2. Any such abandoned property held or owing by a corporation to which
  the right to receive the same is established to the satisfaction of such
  corporation shall cease to be deemed abandoned.
    3. On or before the  first  day  of  June  in  each  year  every  such
  corporation  shall  report  and  pay  over  to the state comptroller all
  abandoned property  specified  in  subdivision  one,  which  is  in  its
  possession  and which shall have become abandoned prior to the preceding
  first day of January.