N.Y. Comp. Codes R. & Regs. tit. 2 § 114.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 114.2 - Property which shall have ceased to be abandoned

(a) Any abandoned property held or owing by an insurer or its agent or agency pursuant to section 1316 of the Abandoned Property Law to which the right to receive the same is established to the satisfaction of such insurer, agent or agency, and payment of which is made to the entitled person between the first day of January and the 31st day of August of the year in which such property is reported to the State Comptroller as abandoned, shall cease to be deemed abandoned.

(b) Payment of abandoned property to the State Comptroller pursuant to subdivision 4 of section 1316 of the Abandoned Property Law shall be accompanied by a statement setting forth such information as the State Comptroller may require relative to such abandoned property as shall have ceased to be abandoned.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 114.2