Section 1418. Property for New York residents held by other states  


Latest version.
  •  1. All
      property heretofore or hereafter reported and paid to  any  other  state
      pursuant to the provisions of such other state's unclaimed property laws
      shall  be  deemed  abandoned  property subject to the provisions of this
      chapter if the  last  known  address  of  the  apparent  owner  of  such
      property, as it appears on the books and records of such other state, is
      within this state.
        2.  The  state comptroller, as custodian of unclaimed funds, is hereby
      authorized to claim such funds from any other state  on  behalf  of  the
      apparent  owners  of  such funds whose last known address is within this
      state, or may enter into  a  reciprocal  agreement  with  another  state
      pursuant  to  section fourteen hundred seventeen of this article for the
      payment of such funds to this state.
        3. The attorney general shall be authorized to maintain an  action  in
      any  court of appropriate jurisdiction to enforce the provisions of this
      section if so requested by the state comptroller.