Abandoned Property - Unclaimed or Unknown Owner Court Funds - Publication of list of abandoned property


Published: 2014-09-22

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
§ 601. Publication of list of abandoned property. 1. On or before the
first day of February in each year, such county treasurer or the
commissioner of finance of the city of New York shall cause to be
published a notice entitled: "NOTICE OF NAMES OF PERSONS APPEARING AS
OWNERS OF CERTAIN UNCLAIMED PROPERTY HELD BY (title of officer)."

2. Such notice shall be published once in two newspapers published in
the county where such abandoned property is held, except that if such
abandoned property is held by the commissioner of finance of the city of
New York it shall be published once in two newspapers published daily in
the city of New York, not more than one of which shall be published in
any one county. If there is only one newspaper published in any such
county, such notice shall be published in such newspaper, or, if there
are no newspapers published in such county, then in a newspaper
published in an adjacent county. Such publication shall be in a
newspaper printed in the English language and any other newspaper that
will substantially serve to inform the public of such abandoned
property. The comptroller shall promulgate rules to determine when it is
appropriate to designate an additional publication.

3. Such notice shall be classified as the state comptroller shall
prescribe and shall set forth:

(a) the names and last-known addresses, in alphabetical order, of all
persons appearing to be entitled to any such abandoned property, as of
the first day of January next preceding, amounting to fifty dollars or
more, except the names of persons appearing to be the owners of
abandoned property which since such date has ceased to be abandoned.
With the consent of the state comptroller, the name and last known
address of any person may be omitted from such notice where special
circumstances make it desirable that such information be withheld;

(b) such other information as the state comptroller may require; and

(c) a statement

(i) that a list of the names contained in such notice is on file and
open to public inspection at the office of such officer;

(ii) that such unclaimed moneys or other property will be paid or
delivered by him on or before the thirty-first day of March to persons
establishing to his satisfaction their right to receive the same; and

(iii) that in the succeeding month of April, and on or before the
tenth day thereof, such unclaimed moneys or other property still
remaining will be paid or delivered to the state comptroller and that he
shall thereupon cease to be liable therefor.

4. Such county treasurer or commissioner of finance of the city of New
York shall file with the state comptroller on or before the tenth day of
February in each year proof by affidavit of such publication.