Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 01, 2012 |
signed chap.332 |
Jul 20, 2012 |
delivered to governor |
Jun 19, 2012 |
returned to assembly passed senate 3rd reading cal.1334 substituted for s7690 |
Jun 14, 2012 |
referred to rules delivered to senate passed assembly |
Jun 01, 2012 |
advanced to third reading cal.719 |
May 31, 2012 |
reported |
May 15, 2012 |
referred to consumer affairs and protection |
Assembly Bill A10239
Signed By Governor2011-2012 Legislative Session
Sponsored By
DINOWITZ
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Peter Rivera
2011-A10239 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7690
- Law Section:
- General Business Law
- Laws Affected:
- Add §393-e, Gen Bus L; amd §1416, Ab Prop L
2011-A10239 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10239 I N A S S E M B L Y May 15, 2012 ___________ Introduced by M. of A. DINOWITZ -- read once and referred to the Commit- tee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to the sale of abandoned property location services; and to amend the abandoned prop- erty law, in relation to restrictions on agreements to locate aban- doned property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 393-e to read as follows: S 393-E. SALE OF ABANDONED PROPERTY LOCATION SERVICES. 1. FOR THE PURPOSES OF THIS SECTION, "ABANDONED PROPERTY LOCATION SERVICES" SHALL INCLUDE ANY SERVICE FOR A FEE PROVIDING ASSISTANCE TO CONSUMERS FOR THE PURPOSES OF LOCATING AND/OR RETRIEVING PROPERTY HELD BY THE STATE COMP- TROLLER PURSUANT TO THE ABANDONED PROPERTY LAW. 2. ANY PERSON, CORPORATION, ASSOCIATION, PARTNERSHIP OR OTHER ENTITY WHICH SELLS OR OFFERS TO SELL IN THIS STATE ANY ABANDONED PROPERTY LOCATION SERVICES SHALL, IN EVERY SOLICITATION AND AGREEMENT FOR SUCH SERVICES, PROVIDE TO THE PURCHASER THE FOLLOWING NOTICE IN A CLEAR AND CONSPICUOUS MANNER, AND IN AT LEAST TWELVE-POINT BOLDFACE TYPE PRIOR TO THE TIME OF SALE: "ABANDONED FUNDS HELD BY THE STATE CAN BE OBTAINED DIRECTLY FROM THE OFFICE OF THE STATE COMPTROLLER BY THE OWNER OF SUCH FUNDS WITHOUT PAYING A FEE. THESE FUNDS ARE HELD INDEFINITELY BY THE OFFICE OF THE STATE COMPTROLLER. FOR MORE INFORMATION, CONTACT THE OFFICE OF THE STATE COMPTROLLER AT (INSERT THE CURRENT TELEPHONE NUMBER ESTABLISHED BY THE OFFICE OF THE STATE COMPTROLLER FOR RECEIVING INQUIRIES FROM CONSUMERS REGARDING UNCLAIMED FUNDS) OR (INSERT THE CURRENT ADDRESS OF THE WEBSITE OF THE OFFICE OF THE STATE COMPTROLLER)." S 2. Section 1416 of the abandoned property law, as added by chapter 173 of the laws of 1980, is amended to read as follows: S 1416. Restriction on agreement to locate AND/OR RETRIEVE abandoned property. 1. FOR THE PURPOSES OF THIS SECTION, "ABANDONED PROPERTY LOCATION SERVICES" SHALL INCLUDE ANY SERVICE FOR A FEE PROVIDING ASSIST- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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