N.Y. Abandoned Property Law § 1310: Voluntary disposition of miscellaneous property not otherwise subject to this chapter

§ 1310. Voluntary disposition of miscellaneous property not otherwise

subject to this chapter. 1. Any person or entity who holds any

intangible personal property, including the proceeds of a sale of

tangible property, which is not otherwise subject to the provisions of

this chapter or any other law regarding the disposition of unclaimed

property belonging to any other person, and which has remained unclaimed

for a period of two years by the person or persons appearing to be

entitled to receive such property, may request in writing, in such form

and manner as the comptroller may by regulation prescribe, that the

comptroller consent to receive payment or delivery of such property.

2. Within thirty days of the receipt of a request pursuant to

subdivision one of this section, the comptroller shall send a written

determination to the person or entity who filed such request which shall

either: (i) consent to the request; (ii) consent to the request subject

to such conditions as he deems necessary and appropriate; or (iii) deny

the request. Any determination by the comptroller denying consent or

placing conditions upon the consent shall specifically state the basis

for such determination and such denial or conditional consent shall be

reviewable in a proceeding pursuant to article seventy-eight of the

civil practice law and rules.

3. Any property reported and paid or delivered to the comptroller

pursuant to this section shall be deemed abandoned property, and any

person or entity paying or delivering such property shall be relieved

and held harmless from any or all liability for any claim or claims

which exist or may exist with respect to such property to the extent

provided in section fourteen hundred four of this chapter.

4. Payment or delivery of property pursuant to this section shall be

accompanied by reports in such form as the comptroller may prescribe.