N.Y. Abandoned Property Law § 1201: Presumption of abandonment

§ 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 or owners of money or property

which has been or shall hereafter be deposited in the custody or be

under the control of, such court, or in the custody of its depository,

registry, clerk, or other officer, have not made claim thereto for a

period of ten successive years, it shall be presumed for all purposes of

this article that such rightful owner or owners are, and during such

period have been, unknown, and that they have died without having

disposed thereof, and without having left a will, and without having

left any heirs, next-of-kin, or distributees, and that such property has

been abandoned. In a case where the rightful owners of such money or

property was a corporation it shall also be presumed for purposes of

this article that the corporation is dissolved and no longer in

existence, and its charter forfeited, and all the foregoing presumptions

set forth in this section shall be made with respect to the rightful

owners or claimants to the assets of such corporation, including its

stockholders and creditors. Any or all of the foregoing several

presumptions may be rebutted by competent evidence to the contrary.