N.Y. Abandoned Property Law § 1215: Escheat

§ 1215. Escheat. If the rightful owner of any property in the

possession, custody or control of the United States either (a) shall

have been or shall be unknown for seven consecutive years; or (b) shall

have died or shall die without having disposed thereof and without

having left or without leaving a will disposing thereof, and without

leaving heirs, next-of-kin, or distributees; or (c) shall have abandoned

or shall abandon such property, and either:

(i) the last known address of such rightful owner, as it appears from

the records of the United States is in this state, or

(ii) there is no last known address for such rightful owner and the

agency or instrumentality possessing, holding, controlling or owing such

property is a corporation domiciled in this state; or

(iii) there is no last known address for such rightful owner, the

agency or instrumentality possessing, holding, controlling or owing such

property is not a corporation or is a corporation domiciled in a state

other than New York which has no escheat or custodial statute relating

to unclaimed or abandoned property and either

1. the records showing the name of and amount due the rightful owner

are in this state; or

2. such property was paid to, deposited with or otherwise acquired by

the United States in this state or as the result of transactions

occurring in this state; or

3. such property is owed or came into being as the result of returns

filed or other transactions occurring in this state; or

4. the court, in its discretion, finds that such property has or had

sufficient other contacts with this state;

then such property, together with all interest or other increments

accrued thereon, shall escheat to the state of New York.