Statute · New York Abandoned Property Law
N.Y. Aband. Prop. Law § 306 — Reimbursement for instruments paid
N.Y. Aband. Prop. Law § 306
- Type
- Statute
- Source
- New York Abandoned Property Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 306. Reimbursement for instruments paid. 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…
Citator
N.Y. Aband. Prop. Law § 306 — Reimbursement for instruments paid is in force in the current edition of the Code, and nothing recorded condemns it.
§ 306. Reimbursement for instruments paid. 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.