Section 600. Unclaimed or unknown owner court funds  


Latest version.
  •    1. The following
      unclaimed property shall be deemed abandoned property:
        (a) Any moneys including  the  monetary  proceeds  from  the  sale  of
      tangible  personal  property and securities or other intangible property
      paid into court, which, except as provided in section ten hundred, shall
      have remained in the hands of any county treasurer, or the  commissioner
      of  finance  of  the city of New York, for five years, together with all
      accumulations of interest or other increment thereon,  less  such  legal
      fees as he may be entitled to.
        (b)  The  monetary  proceeds  representing  any legacy or distribution
      share to which an unknown person is entitled, as  specified  in  section
      two  thousand  two hundred twenty-two of the surrogate's court procedure
      act.
        (c) Any moneys paid to a support bureau of a  family  court,  for  the
      support  of  a spouse or child, which shall have remained in the custody
      of a county treasurer, or the commissioner of finance of the city of New
      York, for five years, together with any interest due thereon, less  such
      legal  fees  as  he  may  be  entitled to. For purposes of this section,
      "family court" includes the domestic relations court of the city of  New
      York prior to the first day of September, nineteen hundred sixty-two.
        2.  Any  abandoned property held or owing by a county treasurer or the
      commissioner of finance of the city of New York to which  the  right  to
      receive  the  same  is  established  to  the satisfaction of such county
      treasurer or commissioner of finance of the city of New York shall cease
      to be abandoned.
        3. Notwithstanding the provisions of this section, deposits made  with
      a  county  treasurer  or  the commissioner of finance of the city of New
      York pursuant to order of a court, made subsequent to the second day  of
      April nineteen hundred fifty-two, for the benefit of a person who was an
      infant  at the time of the making of such order, shall not be subject to
      the provisions of this chapter until such  infant  attains  the  age  of
      eighteen years.