N.Y. Abandoned Property Law Section 504
Reimbursement for property paid or delivered

A domestic or foreign corporation or public corporation or a fiduciary which has paid or delivered to the state comptroller abandoned property pursuant to section five hundred two may make payment to the person entitled thereto, and may file claim for reimbursement for such payment by the state comptroller, who shall, upon satisfactory proof of such payment and after audit, reimburse such domestic or foreign corporation or public corporation or fiduciary. In no event, however, shall such reimbursement exceed the amount to which the claimant is entitled pursuant to subdivision two of § 1403 (Sale of personal property by state comptroller)section fourteen hundred three of this chapter.

Source: Section 504 — Reimbursement for property paid or delivered, https://www.­nysenate.­gov/legislation/laws/ABP/504 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 504’s source at nysenate​.gov

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