New York § 705 - 705Unclaimed and undistributed property held by superintendent of financial services, as liquidator, upon completion of proceeding
Full text of New York New York Consolidated Laws § 705 — 705Unclaimed and undistributed property held by superintendent of financial services, as liquidator, upon completion of proceeding, with citation guidance and answers to common questions.
§ 705. 705Unclaimed and undistributed property held by superintendent of financial services, as liquidator, upon completion of proceeding
§ 705. Unclaimed and undistributed property held by superintendent of financial services, as liquidator, upon completion of proceeding. 1. Upon filing the final report or accounting of the superintendent of financial services, as liquidator, closing any proceeding commenced under article seventy-four of the insurance law, all unclaimed and undistributed dividends and other assets of every nature and description whatsoever, including assets of a special or trust nature, which have been held by the liquidator for five years or more, and which the liquidator has not been specifically directed to hold for a longer period by supreme court order, shall be deemed abandoned property. 2. Any such abandoned property held by the superintendent of financial services, as liquidator, to which the right to receive the same is established as provided by law, shall cease to be deemed abandoned.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 705
What does New York Consolidated Laws § 705 cover?
Section 705 ("705Unclaimed and undistributed property held by superintendent of financial services, as liquidator, upon completion of proceeding") 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 § 705?
A common citation format is "New York Consolidated Laws § 705" (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 § 705 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.