Abandoned Property - General Provisions - Publication of abandoned property by state comptroller


Published: 2014-09-22

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§ 1402. Publication of abandoned property by state comptroller. 1. (a)
Notwithstanding anything to the contrary set forth in section fourteen
hundred one of this article, the comptroller shall maintain on his or
her website in a readily searchable format, a list of such abandoned
property as has been paid or delivered to the comptroller that has a
value of over twenty dollars, for a period of twelve months prior to
April first, two thousand eleven, and any such abandoned property as has
been paid or delivered to the comptroller thereafter that has a value of
over twenty dollars, provided that when sixty or more months has passed
after such property has been paid or delivered to the comptroller, the
comptroller shall not be required to post such property on his or her
website if he or she does not deem it reasonable and appropriate to do
so.

(b) 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 list shall be in such form and classified in such manner as
the state comptroller shall determine and shall include:

(a) the names and last known addresses of all persons appearing from
the records in the comptroller's office, as set forth in the report
filed by the holder, to be entitled to receive such abandoned property
exceeding twenty dollars in value; and

(b) such other information as the state comptroller may determine.

3. Such listing shall include a statement that: (a) information about
the property and its return to the owner may be available to a person
having a legal or beneficial interest in the property, upon request to
the comptroller; and

(b) 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 article; and that a claim for any such
abandoned property should be filed with the state comptroller at his or
her office in the city of Albany.

4. Notwithstanding the foregoing provisions of this section, the state
comptroller may omit from such list the name and last known address of
any person where special circumstances make it desirable that such
information be withheld.