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This entry was published on 2014-09-22
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SECTION 2224
Id
Surrogate's Court Procedure Act (SCP) CHAPTER 59-A, ARTICLE 22
§ 2224. Id.; where beneficiary's name or whereabouts is unknown

1. Where it appears to the satisfaction of the court that the name or
whereabouts of any person interested in the estate as a beneficiary or
assignee cannot be ascertained after the exercise of due diligence and
that the value of such person's interest in the estate does not exceed
the sum of $1,000, the court may direct by order or decree the fiduciary
to pay the amount of such person's interest into the court for the
benefit of the person or persons who may thereafter appear to be
entitled thereto.

2. Upon making the payment as provided above the fiduciary shall be
discharged from all futher liability as to the amount paid into court.
The order or decree may be granted on the petition of a fiduciary.

3. Notice of the application therefor shall be given to the persons
and in the manner directed by the court or the court may dispense
therewith.

4. The money so paid into court as above provided may be paid out
only by the order of the court or pursuant to an order or judgment of a
court of competent jurisdiction.

5. Except in the counties wholly within the city of New York, if the
amount payable does not exceed $50 a county treasurer may pay it without
a court order to the person entitled thereto.