N.Y. Abandoned Property Law § 513: Report to accompany payment or delivery

§ 513. Report to accompany payment or delivery. A payment or delivery

pursuant to section five hundred twelve shall be accompanied by a

written report, affirmed as true and accurate under penalty of perjury,

in such form as the state comptroller may prescribe, setting forth:

1. With reference to any amount specified in subdivision one of

section five hundred eleven,

(a) A description of the security,

(b) The number of shares represented or the face amount of the

security,

(c) The date the dividend or interest was payable, and

(d) Such other information as the state comptroller may require.

2. With reference to any amount specified in subdivision two of

section five hundred eleven,

(a) The name and last known address, if any, of the customer entitled

to such amount,

(b) The date of the last entry, other than the credit of interest or

dividends, in the account in which such amount is reflected, recorded or

included, and

(c) Such other information as the state comptroller may require.

3. With reference to any security specified in subdivision three or

four of section five hundred eleven,

(a) A description of the abandoned security,

(b) The number of shares represented or the face amount of the

security,

(c) The name and last known address, if any, of the person appearing

to be entitled to such abandoned property, and

(d) Such other information as the state comptroller may require.

4. In case any broker or dealer determines the property which shall be

deemed abandoned property pursuant to subdivisions one and three of

section five hundred eleven by the method provided in subdivision six of

that section, the payment of such abandoned property shall be

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

penalty of perjury, in such form as the state comptroller may prescribe,

which, among other things, shall set forth the computation of the

average factor of such broker or dealer pursuant to subdivision six of

section five hundred eleven. Each written report accompanying the

payment of abandoned property determined pursuant to subdivision six of

section five hundred eleven shall contain an undertaking by the broker

or dealer making such payment to honor all claims to the extent herein

provided whenever made against such broker or dealer by any person

determined by him or proved to be entitled to receive from him a stock

or cash dividend received in this state during the calendar year covered

by such report as the holder of record of a security or an interest

payment on a security received in this state during such year. Such

undertaking shall obligate the broker or dealer to honor any such claim

provided that the payment of abandoned property relating to the year in

question determined pursuant to subdivision six of section five hundred

eleven made by such broker or dealer to the state comptroller has been

exhausted as a result of reimbursements by the state comptroller to the

broker or dealer or to other persons claiming such abandoned property as

provided in subdivision two of section five hundred fourteen. To the

extent related to any stock dividend, any such claim shall not exceed

the fair market value of such stock dividend on the thirty-first day of

December of the year in which such stock dividend was deemed abandoned

property.