N.Y. Abandoned Property Law § 304: Unclaimed property held by the superintendent of financial services after liquidation

§ 304. Unclaimed property held by the superintendent of financial

services after liquidation. 1. All amounts held by the superintendent of

financial services as trustee for the owners thereof after the

completion of the voluntary or involuntary liquidation of the business

and property of any banking organization or of the business and property

in this state of any foreign banking corporation, as provided in section

thirty of the banking law, which shall not have been claimed and paid

within four years after receipt by the superintendent shall be deemed

abandoned property.

2. Any such abandoned property held by the superintendent of financial

services to which the right to receive the same is established as

provided in section thirty-one of the banking law shall cease to be

deemed abandoned.