US Laws, Codes, Statutes & Cases

 
    § 5-372 Awards; deposit of. Whenever:
    1.  The  owner  or  owners,  person  or persons interested in any real
  estate taken or affected in the proceedings, or in whose favor any  such
  sum  or  sums or compensation shall have been determined, shall be under
  the age of twenty-one years, of unsound mind, or absent from  the  state
  of New York, or
    2.  The  name  or  names  of  the  owner  or owners, person or persons
  interested in any such real estate shall not be set forth  or  mentioned
  in such final decree, or
    3.  Such  owner  or  owners,  person  or  persons, being named therein
  cannot, upon diligent inquiry, be found or
    4. There are adverse or conflicting claims to  the  money  awarded  as
  compensation.
    It  shall  be lawful for the city to pay the sum or sums determined to
  be payable to, or to which such owner  or  owners,  person  or  persons,
  respectively,  shall be entitled, with interest, thereon into such trust
  company as the court may direct. Such deposit shall be to the credit  of
  such  owner  or  owners, person or persons, and such payment shall be as
  valid and effectual, in all respects, as if made directly to  the  owner
  or owners, person or persons interested therein, respectively, according
  to their just rights.