New York § 306 Reimbursement for instruments paid

New York Statutes

§ 306 — Reimbursement for instruments paid

New York § 306

Law ABPAbandoned Property

Art. 3Unclaimed Property Held or Owing By Banking Organizations

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Bluebook

N.Y. Abandoned Property § 306 (2026).

Text

  § 306. Reimbursement for instruments paid. Any banking organization\nwhich has paid to the state comptroller abandoned property held or owing\nfor the payment of a negotiable instrument or a certified check may make\npayment to the person entitled thereto, upon presentation of the\ninstrument by such person, and shall thereby be entitled to\nreimbursement of the amount paid to the comptroller. Such reimbursement\nshall be made by the comptroller after audit of a claim of the banking\norganization.\n

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§ 306. Reimbursement for instruments paid. Any banking organization\nwhich has paid to the state comptroller abandoned property held or owing\nfor the payment of a negotiable instrument or a certified check may make\npayment to the person entitled thereto, upon presentation of the\ninstrument by such person, and shall thereby be entitled to\nreimbursement of the amount paid to the comptroller. Such reimbursement\nshall be made by the comptroller after audit of a claim of the banking\norganization.\n