Section 1301. Unclaimed surplus from sale of pledge

    1. The word, "pledgee", as used in this section shall mean any person,
  partnership or corporation
    (a) loaning money on the deposit or pledge of personal property, or
    (b)  purchasing  personal  property  on condition of selling back at a
  stipulated price, or
    (c) doing business as warehouse men and  loaning  or  advancing  money
  upon  goods,  wares  or  merchandise  pledged or deposited as collateral
  security.
    2. Any surplus moneys resulting from a sale by a pledgee, other than a
  banking organization, after the thirtieth day of June, nineteen  hundred
  fifty  of  personal  property  after  deducting  the  amount  loaned  or
  advanced, interest due thereon  and  any  other  lawful  charges,  which
  surplus  moneys  have remained unpaid to the person entitled thereto for
  one year from the date of such sale, shall be deemed abandoned property.
    3. Each year in the month of July and  on  or  before  the  tenth  day
  thereof  every  pledgee shall pay to the state comptroller all abandoned
  property specified in  subdivision  two  of  this  section.  Every  such
  payment shall be accompanied by a verified written statement which shall
  contain  the name and last known address of the pledgor, the date of the
  sale, the number of the pledge, if receipt given to the  pledgor  is  so
  identified, and the amount of such surplus moneys.