Title 2 Department of Audit and Control - Chapter IV Miscellaneous Rules - Part 124 Procedure for the Voluntary Disposition of Intangible Personal Property - s 124.1 Background.

Published: 2021-01-15

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WHEREAS, section 1310 of the Abandoned Property Law, as added by chapter 592 of the Laws of 1993, directs the Comptroller to adopt regulations governing the acceptance of the voluntary disposition of any intangible personal property not otherwise subject to the Abandoned Property Law; and

WHEREAS, section 1414 of the Abandoned Property Law authorizes the Comptroller to promulgate such rules and regulations as the Comptroller may deem necessary to enforce the provisions of the Abandoned Property Law, it is, therefore, hereby:

Determined that the following rules and regulations be promulgated to establish the procedure to be followed for the voluntary disposition of intangible personal property, as authorized by section 1310 of the Abandoned Property Law.