New York § 1223 Alternative to escheat

New York Statutes

§ 1223 — Alternative to escheat

New York § 1223

Law ABPAbandoned Property

Art. 12-AUnclaimed or Abandoned Property In the Possession, Custody or Control of the United States of America

This text of New York § 1223 (Alternative to escheat) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Abandoned Property § 1223 (2026).

Text

  § 1223. Alternative to escheat.  If it appears from the records of the\nUnited States that the rightful owner of any property subject to escheat\nunder this article has not made claim thereto for seven years and the\nattorney general does not deem it advisable to institute an escheat\nproceeding with respect thereto, or has instituted such a proceeding but\nhas not obtained a judgment of escheat therein, such unclaimed property\nmay be deemed abandoned property and shall be paid or delivered to the\nstate comptroller for disposition in accordance with the provisions of\nthis chapter and the provisions of section ninety-five of the state\nfinance law.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 1223. Alternative to escheat. If it appears from the records of the\nUnited States that the rightful owner of any property subject to escheat\nunder this article has not made claim thereto for seven years and the\nattorney general does not deem it advisable to institute an escheat\nproceeding with respect thereto, or has instituted such a proceeding but\nhas not obtained a judgment of escheat therein, such unclaimed property\nmay be deemed abandoned property and shall be paid or delivered to the\nstate comptroller for disposition in accordance with the provisions of\nthis chapter and the provisions of section ninety-five of the state\nfinance law.\n