State Codes and Statutes

Statutes > New-york > Abp > Article-7 > 705

§  705. Unclaimed and undistributed property held by superintendent of  insurance, as liquidator, upon completion of proceeding. 1. Upon  filing  the  final  report  or accounting of the superintendent of insurance, 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  insurance, as liquidator, to which the right  to  receive  the  same  is  established as provided by law, shall cease to be deemed abandoned.

State Codes and Statutes

Statutes > New-york > Abp > Article-7 > 705

§  705. Unclaimed and undistributed property held by superintendent of  insurance, as liquidator, upon completion of proceeding. 1. Upon  filing  the  final  report  or accounting of the superintendent of insurance, 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  insurance, as liquidator, to which the right  to  receive  the  same  is  established as provided by law, shall cease to be deemed abandoned.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Abp > Article-7 > 705

§  705. Unclaimed and undistributed property held by superintendent of  insurance, as liquidator, upon completion of proceeding. 1. Upon  filing  the  final  report  or accounting of the superintendent of insurance, 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  insurance, as liquidator, to which the right  to  receive  the  same  is  established as provided by law, shall cease to be deemed abandoned.