New York Abandoned Property Law Article 12 - ESCHEAT OF PROPERTY PAID OR DEPOSITED IN FEDERAL COURTS

• 1200 - Unclaimed Property Paid or Deposited in Federal Courts.
  All money or other property which shall have been, or shall hereafter be, paid into or deposited in the custody of, or be under the...
• 1201 - Presumption of Abandonment.
  In any proceeding authorized by this article if it shall appear from the records of the court of the United States that the rightful owner...
• 1202 - Special Proceeding for Escheat.
  Whenever it shall appear, after investigation by the comptroller or otherwise, that there exists or may exist escheated property under this article, the attorney-general may...
• 1203 - Jurisdiction.
  The supreme court shall have jurisdiction to hear and determine such a special proceeding. Such proceeding shall be commenced in the supreme court for the...
• 1204 - Respondents.
  There shall be named as respondents: (a) All last known owners or claimants as disclosed by the records of such court, provided however that if...
• 1205 - Contents of Petition.
  The petition shall briefly describe the fund or property with respect to which the proceeding is brought, and the nature of the action or proceeding...
• 1206 - Service of Notice and Petition.
  1. The notice and petition shall be served upon the clerk of the court into which or into whose registry the fund or property has...
• 1207 - Contents and Time of Answer.
  For the purpose of reckoning the time within which a respondent must appear or answer, service by publication under this article is complete on the...
• 1208 - Amendment of Proceedings.
  On application of the attorney-general the court shall: (a) order the proceeding with respect to items, or portions thereof, as to which claimants appear, to...
• 1210 - Judgment.
  If the court, after taking the testimony, shall determine either (a) that the rightful owner or owners of such funds or property are unknown or...
• 1211 - Collection by Attorney-General.
  The attorney-general shall take appropriate action, by obtaining an order of the court of the United States, or otherwise, to collect and receive such funds...
• 1212 - Payment to the State Comptroller; Report.
  1. Upon the collection or receipt of any such funds or property the attorney-general shall forthwith pay or deliver the same to the state comptroller....

Last modified: February 3, 2019