New York § 164 - 164Disposition of undelivered moneys
Full text of New York New York Consolidated Laws § 164 — 164Disposition of undelivered moneys, with citation guidance and answers to common questions.
§ 164. 164Disposition of undelivered moneys
§ 164. Disposition of undelivered moneys. Every steamship company, express company, or other company, to which moneys received for transmission are returned for the reason that the same cannot be delivered shall forthwith notify the transmitter thereof by mailing written notice to such transmitter at his last known address. If such money be unclaimed for a period of ninety days after such notice, such company shall immediately turn over such money to the state comptroller who shall maintain the same as a capital revolving fund for the purpose of paying claimants thereof. After such moneys have remained unclaimed in the hands of the comptroller for five years, the same shall escheat to the state.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 164
What does New York Consolidated Laws § 164 cover?
Section 164 ("164Disposition of undelivered moneys") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 164?
A common citation format is "New York Consolidated Laws § 164" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 164 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.