N.Y. Abandoned Property Law § 702: Publication of list of abandoned property

§ 702. Publication of list of abandoned property. 1. Every such life

insurance corporation shall cause to be published, on or before the

first day of May in each year, a notice entitled: "NOTICE OF NAMES OF

PERSONS APPEARING AS OWNERS OF CERTAIN UNCLAIMED PROPERTY HELD BY (name

of life insurance corporation)."

2. Such notice shall be published once in at least one newspaper

published in the county of the state in which is located the last-known

address of the holder of a policy under which such abandoned property is

payable. If there are no newspapers published in such county then such

notice shall be published in a newspaper published in an adjacent

county. Such publication shall be in a newspaper printed in the English

language and any other newspaper that will substantially serve to inform

the public of said abandoned property. The comptroller shall promulgate

rules to determine when it is appropriate to designate an additional

publication.

3. Such notice shall set forth:

(a) the names and last known addresses which were in such report, of

all persons appearing to be entitled to any such abandoned property

amounting to fifty dollars or more; provided, however, that with the

consent of the state comptroller, the name and last known address of any

person may be omitted from such notice where special circumstances make

it desirable that such information be withheld. Such names shall be

listed in alphabetical order;

(b) such other information as the state comptroller may require; and

(c) a statement

(i) that a report of unclaimed amounts of money held or owing by it

has been made to the comptroller of the state of New York and that a

list of the names contained in such notice is on file and open to public

inspection at the principal office or place of business of such life

insurance corporation in any city, village or county where any such

abandoned property is payable;

(ii) that such unclaimed moneys will be paid by it on or before the

succeeding thirty-first day of August to persons establishing to its

satisfaction their right to receive the same; and

(iii) that in the succeeding month of September, and on or before the

tenth day thereof, such unclaimed moneys still remaining will be paid to

the comptroller of the state of New York and that it shall thereupon

cease to be liable therefor.

4. Such life insurance corporation shall file with the state

comptroller on or before the tenth day of May in each year proof by

affidavit of such publication.