New York § 305 - 305Payment of abandoned property after liquidation by superintendent of financial services
Full text of New York New York Consolidated Laws § 305 — 305Payment of abandoned property after liquidation by superintendent of financial services, with citation guidance and answers to common questions.
§ 305. 305Payment of abandoned property after liquidation by superintendent of financial services
§ 305. Payment of abandoned property after liquidation by superintendent of financial services. 1. Not later than the first day of October in each year the superintendent of financial services shall pay to the state comptroller all such abandoned property held by him which shall have become abandoned property at any time prior to the first day of July next preceding, excepting such abandoned property as since such first day of July shall have ceased to be abandoned. 2. Such payment shall be accompanied by a statement signed by the superintendent of financial services setting forth the name and last known address of, and the amount owning to, each person appearing to be the owner of any such abandoned property, or if the name is unknown, the nature and identifying number of the indebtedness and the name of the banking organization or foreign banking corporation from which such abandoned property was received, together with such other identifying information as the state comptroller may require.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 305
What does New York Consolidated Laws § 305 cover?
Section 305 ("305Payment of abandoned property after liquidation by superintendent of financial services") 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 § 305?
A common citation format is "New York Consolidated Laws § 305" (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 § 305 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.