N.Y. Comp. Codes R. & Regs. tit. 2 § 116.2

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

Section 116.2 - Preparation of the report

(a)

(1) Holders of abandoned property subject to the publication requirements of the Abandoned Property Law shall review their books and records for information indicative of the literacy in English of the apparent owners of such property. If such information is not presently available in the books and records, it should be obtained as new contacts are made with persons for whom property is or will be held.

(2) On the basis of available information, these holders shall identify those apparent owners of abandoned property required to be listed in an English-language published notice, who might need additional notice in a language other than English in order to be informed of the existence of such property.

(b) If the holder so elects, apparent owners identified in this section, shall be listed in a separate report to the State Comptroller, concurrent with the submission of the holder's preliminary report of abandoned property, or in the case of holders reporting under article VI of the Abandoned Property Law, by January 15th of each year. Such report shall contain the name(s) and address(es) of each person, the appropriate language other than English in which the notice should be published for each listed person, and the suggested newspaper(s) in which such notices should be published.

(c) Any holder which does not elect to publish in a non-English language newspaper shall file with the State Comptroller a statement so stating, such statement to be attached to and made a part of the holder's annual report of abandoned property.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 116.2