New York § 258 - 258Proceeds to be paid into fund
Full text of New York New York Consolidated Laws § 258 — 258Proceeds to be paid into fund, with citation guidance and answers to common questions.
§ 258. 258Proceeds to be paid into fund
§ 258. Proceeds to be paid into fund. Proceeds from the sale of lost property, less lawful deductions, or the money constituting lost property, shall be paid into the treasury of the county, city, town or village in the police department of which the property was deposited unless otherwise provided pursuant to section two hundred fifty of the general municipal law or other applicable statute, or into the abandoned property fund of the state if the property was deposited with the state police, the capital buildings police or the regional state park police or returned to a safe deposit company or bank pursuant to section two hundred fifty-six of this chapter, or into a fund established pursuant to subdivision eight of section three hundred fifty-five of the education law if the property was deposited with a security officer or police officer appointed by the state university.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 258
What does New York Consolidated Laws § 258 cover?
Section 258 ("258Proceeds to be paid into fund") 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 § 258?
A common citation format is "New York Consolidated Laws § 258" (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 § 258 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.