New York § 1415 - 1415Deduction of certain charges
Full text of New York New York Consolidated Laws § 1415 — 1415Deduction of certain charges, with citation guidance and answers to common questions.
§ 1415. 1415Deduction of certain charges
§ 1415. Deduction of certain charges. No deduction shall be made for service, handling or maintenance charges from property subject to the abandoned property law, by the holder of such property, unless such deduction is made pursuant to: (a) the laws of the state of New York including therein the regulations of the New York state department of financial services; or (b) a valid contract which provides, specifically, that the deduction shall not be refundable or otherwise restored to the owner; and such deduction is made in the normal course of business of the holder.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1415
What does New York Consolidated Laws § 1415 cover?
Section 1415 ("1415Deduction of certain charges") 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 § 1415?
A common citation format is "New York Consolidated Laws § 1415" (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 § 1415 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.