N.Y. Abandoned Property Law § 1307: Unclaimed proceeds from the sale of wrecked property

§ 1307. Unclaimed proceeds from the sale of wrecked property. 1. Any

proceeds, less lawful deductions, from a sale of wrecked property

pursuant to section one hundred thirty-eight of the navigation law,

shall be deemed abandoned property.

2. Any proceeds, less lawful deductions, from a sale of perishable

wrecked property, pursuant to the provisions of section one hundred

thirty-one of the navigation law, held or owing by a county treasurer,

which shall have remained unclaimed by the person entitled thereto for

one year from the date of such sale, shall be deemed abandoned property.

3. Any sheriff or county treasurer holding any such abandoned

property, shall pay the same to the state comptroller immediately after

such property shall have been deemed abandoned. Each such payment shall

be accompanied by a written report, affirmed as true and accurate under

penalty of perjury, which shall set forth such information as the state

comptroller may require.