Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 02, 2022 |
returned to senate passed assembly ordered to third reading rules cal.610 substituted for a7742a |
May 31, 2022 |
referred to ways and means delivered to assembly passed senate |
May 25, 2022 |
ordered to third reading cal.1607 committee discharged and committed to rules |
May 19, 2022 |
referred to finance |
Senate Bill S9360
2021-2022 Legislative Session
Sponsored By
(D) 6th Senate District
Archive: Last Bill Status - Passed Senate & Assembly
- 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
2021-S9360 (ACTIVE) - Details
2021-S9360 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9360 SPONSOR: THOMAS TITLE OF BILL: An act to amend the abandoned property law, in relation to including unclaimed virtual currency within the scope of property covered by such law PURPOSE: The purpose of this proposed legislation is to provide coverage for virtual currency. SUMMARY OF PROVISIONS: Section 1 of this bill amends Section 103 of the abandoned property law by adding two new subdivisions (h) and (i) defining the terms "virtual currency" and "virtual currency business activity." Section 2 amends the abandoned property law to add a new section 1319 providing coverage for unclaimed virtual currency.
2021-S9360 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9360 I N S E N A T E May 19, 2022 ___________ Introduced by Sen. THOMAS -- (at request of the State Comptroller) -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the abandoned property law, in relation to including unclaimed virtual currency within the scope of property covered by such law THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 103 of the abandoned property law is amended by adding two new subdivisions (h) and (i) to read as follows: (H) "VIRTUAL CURRENCY" SHALL HAVE THE SAME MEANING AS SET FORTH IN 23 NYCRR 200.2(P). (I) "VIRTUAL CURRENCY BUSINESS ACTIVITY" SHALL HAVE THE SAME MEANING AS SET FORTH IN 23 NYCRR 200.2(Q). § 2. The abandoned property law is amended by adding a new section 1319 to read as follows: § 1319. UNCLAIMED VIRTUAL CURRENCY. 1. ANY VIRTUAL CURRENCY HELD OR OWING BY ANY BANKING ORGANIZATION, CORPORATION OR OTHER ENTITY ENGAGED IN VIRTUAL CURRENCY BUSINESS ACTIVITY WHICH SHALL HAVE REMAINED UNCLAIMED BY THE PERSON ENTITLED THERETO FOR A PERIOD OF FIVE YEARS SHALL BE DEEMED ABANDONED PROPERTY IF: (A) THE LAST KNOWN ADDRESS OF THE PERSON ENTITLED TO SUCH VIRTUAL CURRENCY AS SHOWN ON THE BOOKS AND RECORDS OF THE ENTITY ENGAGING IN THE VIRTUAL CURRENCY BUSINESS ACTIVITY IS LOCATED IN THE STATE; OR (B) THE LAST KNOWN ADDRESS OF THE PERSON ENTITLED TO SUCH VIRTUAL CURRENCY IS NOT SHOWN ON THE BOOKS AND RECORDS OF THE ENTITY ENGAGING IN THE VIRTUAL CURRENCY BUSINESS ACTIVITY AND THE ENTITY IS INCORPORATED IN THIS STATE. 2. (A) ANY VIRTUAL CURRENCY HELD OR OWING BY A BANKING ORGANIZATION, A CORPORATION OR OTHER ENTITY ENGAGED IN VIRTUAL CURRENCY BUSINESS DEEMED ABANDONED UNDER THIS SECTION AS OF THE THIRTIETH DAY OF THE PRECEDING JUNE SHALL BE PAID OR DELIVERED TO THE COMPTROLLER ON OR BEFORE THE TENTH DAY OF THE NEXT SUCCEEDING NOVEMBER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10524-09-2
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.