New York § 1215 - 1215Escheat
Full text of New York New York Consolidated Laws § 1215 — 1215Escheat, with citation guidance and answers to common questions.
§ 1215. 1215Escheat
§ 1215. Escheat. If the rightful owner of any property in the possession, custody or control of the United States either (a) shall have been or shall be unknown for seven consecutive years; or (b) shall have died or shall die without having disposed thereof and without having left or without leaving a will disposing thereof, and without leaving heirs, next-of-kin, or distributees; or (c) shall have abandoned or shall abandon such property, and either: (i) the last known address of such rightful owner, as it appears from the records of the United States is in this state, or (ii) there is no last known address for such rightful owner and the agency or instrumentality possessing, holding, controlling or owing such property is a corporation domiciled in this state; or (iii) there is no last known address for such rightful owner, the agency or instrumentality possessing, holding, controlling or owing such property is not a corporation or is a corporation domiciled in a state other than New York which has no escheat or custodial statute relating to unclaimed or abandoned property and either 1. the records showing the name of and amount due the rightful owner are in this state; or 2. such property was paid to, deposited with or otherwise acquired by the United States in this state or as the result of transactions occurring in this state; or 3. such property is owed or came into being as the result of returns filed or other transactions occurring in this state; or 4. the court, in its discretion, finds that such property has or had sufficient other contacts with this state; then such property, together with all interest or other increments accrued thereon, shall escheat to the state of New York.
Frequently Asked Questions About New York § 1215
What does New York Consolidated Laws § 1215 cover?
Section 1215 ("1215Escheat") 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 § 1215?
A common citation format is "New York Consolidated Laws § 1215" (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 § 1215 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.