Abandoned Property - Unclaimed Property Held By Brokers - Retention of books and records


Published: 2014-09-22

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§ 513-a. Retention of books and records. 1. Every broker or dealer
shall retain the books and records set forth in subdivision two of this
section relating to the years nineteen hundred sixty-seven, nineteen
hundred sixty-eight, nineteen hundred sixty-nine and nineteen hundred
seventy for a period of ten years following the end of the year in which
created; shall retain all such books and records relating to the year
nineteen hundred seventy-one for a period of nine years following the
close of nineteen hundred seventy-one; and shall retain all such books
and records relating to any subsequent calendar year for a period of ten
years following the end of the year in which created. The books and
records so retained shall be made available to the state comptroller
upon his request in the performance of his duties under this chapter.

2. The following books and records shall be those referred to in
subdivision one of this section: general ledgers, customers ledgers;
daily and weekly stock position records; dividend sheets; cash blotters;
purchase and sales blotters; daily journals; bank reconciliations;
cancelled checks; claim letters; independent auditor's reports; trial
balances; private ledgers; financial statements and supporting data;
chart of accounts; and copies of abandoned property reports.