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This entry was published on 2014-09-22
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SECTION 302
Publication of list of abandoned property
Abandoned Property (ABP) CHAPTER 1, ARTICLE 3
§ 302. Publication of list of abandoned property. 1. Every banking
organization shall cause to be published, on or before the first day of
September in each year, a notice entitled: "NOTICE OF NAMES OF PERSONS
APPEARING AS OWNERS OF CERTAIN UNCLAIMED PROPERTY HELD BY (name of
banking organization)."

2. Such notice shall be published once in at least one newspaper
published in the city or village where such abandoned property is
payable, provided, however, that if such abandoned property is payable
in the city of New York, such publication shall be in a newspaper
published in the county where such abandoned property is payable. If
there are no newspapers published in such city or village, then such
publication shall be in a newspaper published in the county where such
abandoned property is payable. If there are no newspapers published in
such county publication shall be 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 such 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. If, however, such banking organization has
reported abandoned property payable in more than one city or village or,
in the case of the city of New York, more than one county, the names
shall be listed alphabetically for each such city, village or county and
such notice shall include only the names of the persons appearing to be
entitled to abandoned property payable in such city, village or county;

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

(c) a statement

(i) that a report of unclaimed amounts of money or other property held
or owing by it has been made to the state comptroller 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 banking
organization in any city, village or county where any such abandoned
property is payable;

(ii) that such unclaimed moneys or other property will be paid or
delivered by it on or before the succeeding thirty-first day of October
to persons establishing to its satisfaction their right to receive the
same; and

(iii) that in the succeeding month of November, and on or before the
tenth day thereof, such unclaimed moneys or other property still
remaining will be paid or delivered to the state comptroller and that it
shall thereupon cease to be liable therefor.

4. Such banking organization shall file with the state comptroller on
or before the tenth day of September in each year proof by affidavit of
such publication.