Laws of New York (Last Updated: November 21, 2014) |
ABP Abandoned Property |
Article 14. GENERAL PROVISIONS |
Section 1402. Publication of abandoned property by state comptroller
Latest version.
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1. (a) The state comptroller shall publish: (i) in an issue of the state bulletin published in the month of September, nineteen hundred seventy-nine or in a September, nineteen hundred seventy-nine issue of another publication selected by the comptroller, a statement of abandoned property paid to and held by the state for the period beginning on June first, nineteen hundred seventy-eight and ending on November thirtieth, nineteen hundred seventy-eight; (ii) in an issue of the state bulletin published in the month of March, nineteen hundred eighty, or in a March issue of another publication selected by the comptroller, a statement of abandoned property paid to and held by the state for the period beginning on December first, nineteen hundred seventy-eight and ending on May thirty-first, nineteen hundred seventy-nine. (b) In each succeeding September and March, the state comptroller shall publish, in the manner provided for in paragraph (a) of this subdivision, for the respective annual periods June first, through November thirtieth and December first, through May thirty-first. (c) The provisions of this subdivision shall not apply to abandoned property paid pursuant to section one thousand three hundred of this chapter or section four hundred twenty-four of the vehicle and traffic law. 2. Such statement shall be in such form and classified in such manner as the state comptroller shall determine, except that names of persons appearing to be entitled to any such abandoned property shall be listed in alphabetical order within each such classification. 3. Such statement shall set forth: (a) The names and last known addresses of all persons appearing from the records in the comptroller's office to be entitled to receive such abandoned property consisting of money not less than twenty dollars in amount; (b) The names and last known addresses of all persons appearing from the records in the comptroller's office to be entitled to receive such abandoned property consisting of personal property other than money and which the state comptroller shall not have determined as provided in section fourteen hundred three to be valueless or of such little value that a sale thereof would cost in excess of the probable proceeds therefrom; (c) Where any such abandoned property consisted of personal property other than money and was converted into money pursuant to the provisions of section fourteen hundred three, and such money amounts to twenty dollars or more, the names and last known addresses of the persons appearing from the records in the comptroller's office to be entitled to receive the same; (d) Such other information as the state comptroller may determine; and (e) A statement (i) that a public record is maintained in the office of the state comptroller of all abandoned property in accordance with section fourteen hundred one of this chapter; and (ii) that a claim for any such abandoned property should be filed with the state comptroller at his office in the city of Albany or established as provided in section fourteen hundred six of this chapter. 4. Notwithstanding the foregoing provisions of this section, the state comptroller may omit from such statement the name and last known address of any person where special circumstances make it desirable that such information be withheld.