Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
306 — New York Law | CourtGPT
  1. Home/
  2. Laws/
  3. New York/
  4. Abp - Abandoned Property/
  5. Article 3 - Unclaimed Property Held or Owing by Banking Organizations300 - Unclaimed Property Held or Owing by Banking Organizations/
  6. 306
New York Legal Code

306

Ask AI about this
Any banking organization which has paid to the state comptroller abandoned property held or owing for the payment of a negotiable instrument or a certified check may make payment to the person entitled thereto, upon presentation of the instrument by such person, and shall thereby be entitled to reimbursement of the amount paid to the comptroller. Such reimbursement shall be made by the comptroller after audit of a claim of the banking organization.