2021 New York Laws
ABP - Abandoned Property
Article 4 - Unclaimed Deposits and Refunds for Utility Services
402 - Publication of Notice of Abandoned Property.

Universal Citation: NY Aban Prop L § 402 (2021)
§  402.  Publication  of  notice  of abandoned property. 1. Every such
corporation shall cause to be published, on or before the first  day  of
September  in each year, a notice entitled: "NOTICE OF CERTAIN UNCLAIMED
PROPERTY HELD BY (name of corporation)."
  2. Such notice shall be published once in two newspapers published  in
the county where such deposits, payments or payments to be refunded were
made.  If there is only one newspaper published in any such county, such
notice shall be published in such newspaper. If there are no  newspapers
published  in such county, then such publication shall be 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 approved as to form by the state comptroller
and shall state:

(a) that a report of unclaimed amounts of money or other property held or owing by it has been made to the state comptroller and that a list of the names of the person or persons appearing from the records of such corporation to be entitled thereto is on file and open to public inspection at its principal office or place of business in any city, village or county where any such abandoned property is payable;

(b) that such deposits, payments and refunds, together with interest due thereon and less lawful deductions, will be paid by it on or before the succeeding thirtieth day of September to persons establishing to its satisfaction their right to receive the same; and

(c) that in the succeeding month of October, and on or before the tenth day thereof, such unclaimed deposits, payments and refunds, together with interest due thereon and less lawful deductions, still remaining will be paid to the state comptroller and that it shall thereupon cease to be liable therefor. 4. Such corporation shall file with the state comptroller on or before the tenth day of September in each year proof by affidavit of such publication.

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