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NY A09577

Bill

Official Source

Status

Passed

11/21/2014

Primary Sponsor

Herman Farrell

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Increases the threshold amount requiring court order for abandoned property claims from $5,000 to $10,000
  • Requires withdrawal actions for abandoned property to be commenced in the court that had original jurisdiction of the original underlying matter using that court's index number
  • Prohibits withdrawal actions from being brought as special proceedings against the State Comptroller
  • Requires claimants or their attorneys to serve a certified copy of any court payment order upon the State Comptroller
  • Takes effect immediately upon enactment

Legislative Description

Provides that court withdrawal actions must be commenced in the court which had original jurisdiction of the underlying matter and increases the threshold claim amount.

Last Action

signed chap.453

11/21/2014

Committee Referrals

Finance6/2/2014
Judiciary5/8/2014

Full Bill Text

No bill text available