Skip to main content
Find a Lawyer

New York Consolidated Laws, Abandoned Property Law - ABP § 1217. Procedure

Current as of January 01, 2026 | Updated by Findlaw Staff

Whenever it appears, after investigation by the comptroller or otherwise, that there exists or may exist escheated property under this article, the attorney general may take action to recover such property.  For such purpose the attorney general may institute special proceedings in the name of the people of the state of New York in the supreme court of this state.  In any such proceeding there shall be named as respondents

(a) All last known owners or claimants appearing in the records of the United States.  These may be described as a class when

(i) they own or claim property of the same nature and the value of such property as shown on the account of each such owner or claimant in the records of the United States does not exceed five hundred dollars in value, or

(ii) the records of the United States show more than ten such owners or claimants for a particular fund, item or category of property, or

(iii) the records of the United States fail to disclose the number of owners or claimants for a particular fund, item or category of property with a reasonable degree of certainty.

(b) All unknown owners or claimants.  These may be described as a class.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - New York Consolidated Laws, Abandoned Property Law - ABP § 1217. Procedure - last updated January 01, 2026 | https://codes.findlaw.com/ny/abandoned-property-law/abp-sect-1217/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard