New York § 1415 Deduction of certain charges

New York Statutes

§ 1415 — Deduction of certain charges

New York § 1415

Law ABPAbandoned Property

Art. 14General Provisions

This text of New York § 1415 (Deduction of certain charges) 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 § 1415 (2026).

Text

  § 1415. Deduction of certain charges. No deduction shall be made for\nservice, handling or maintenance charges from property subject to the\nabandoned property law, by the holder of such property, unless such\ndeduction is made pursuant to:\n  (a) the laws of the state of New York including therein the\nregulations of the New York state department of financial services; or\n  (b) a valid contract which provides, specifically, that the deduction\nshall not be refundable or otherwise restored to the owner; and such\ndeduction is made in the normal course of business of the holder.\n

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§ 1415. Deduction of certain charges. No deduction shall be made for\nservice, handling or maintenance charges from property subject to the\nabandoned property law, by the holder of such property, unless such\ndeduction is made pursuant to:\n (a) the laws of the state of New York including therein the\nregulations of the New York state department of financial services; or\n (b) a valid contract which provides, specifically, that the deduction\nshall not be refundable or otherwise restored to the owner; and such\ndeduction is made in the normal course of business of the holder.\n