Abandoned Property - Unclaimed Property Held or Owing By Banking Organizations - Payment of abandoned property after liquidation by superintendent of financial services


Published: 2014-09-22

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§ 305. Payment of abandoned property after liquidation by
superintendent of financial services. 1. Not later than the first day of
October in each year the superintendent of financial services shall pay
to the state comptroller all such abandoned property held by him which
shall have become abandoned property at any time prior to the first day
of July next preceding, excepting such abandoned property as since such
first day of July shall have ceased to be abandoned.

2. Such payment shall be accompanied by a statement signed by the
superintendent of financial services setting forth the name and last
known address of, and the amount owning to, each person appearing to be
the owner of any such abandoned property, or if the name is unknown, the
nature and identifying number of the indebtedness and the name of the
banking organization or foreign banking corporation from which such
abandoned property was received, together with such other identifying
information as the state comptroller may require.