N.Y. Abandoned Property Law § 600: Unclaimed or unknown owner court funds

§ 600. Unclaimed or unknown owner court funds. 1. The following

unclaimed property shall be deemed abandoned property:

(a) Any moneys including the monetary proceeds from the sale of

tangible personal property and securities or other intangible property

paid into court, which, except as provided in section ten hundred of

this chapter, shall have remained in the hands of any county treasurer,

or the commissioner of finance of the city of New York, for three years,

together with all accumulations of interest or other increment thereon,

less such legal fees as he may be entitled to.

(b) The monetary proceeds representing any legacy or distribution

share to which an unknown person is entitled, as specified in section

two thousand two hundred twenty-two of the surrogate's court procedure

act.

2. Any abandoned property held or owing by a county treasurer or the

commissioner of finance of the city of New York to which the right to

receive the same is established to the satisfaction of such county

treasurer or commissioner of finance of the city of New York shall cease

to be abandoned.

3. Notwithstanding the provisions of this section, deposits made with

a county treasurer or the commissioner of finance of the city of New

York pursuant to order of a court, made subsequent to the second day of

April nineteen hundred fifty-two, for the benefit of a person who was an

infant at the time of the making of such order, shall not be subject to

the provisions of this chapter until such infant attains the age of

eighteen years.