ARTIFICIAL INTELLIGENCE [AI] IS NOT USED, IN WHOLE OR IN PART, IN PREPARING NYPPL SUMMARIES OF JUDICIAL AND QUASI-JUDICIAL DECISIONS

May 17, 2025

New York State Comptroller DiNapoli reports his Office of Unclaimed Funds has returned $266,069,545 being held as unclaimed funds to its owners, entities and individuals since January 1, 2025

New York State’s Abandoned Property Law requires certain entities to transfer abandoned money or securities to the New York State Comptroller’s Office of Unclaimed Funds. Entities required to report and remit unclaimed funds include, for example, banks, insurance companies, corporations and government agencies.

These funds are transferred to the Comptroller’s Office of Unclaimed Funds from inactive bank accounts, uncollected insurance policies or refunds, amounts due for undelivered goods or services, abandoned stocks, uncashed checks and more. The Comptroller’s Office of Unclaimed Funds serves as the custodian of such property until it is claimed by the rightful owner.

For example, State Comptroller Thomas P. DiNapoli presented the Long Island Hispanic Bar Association an unclaimed funds check in the amount of $2,988.27 at a recent SOMOS New York Conference. SOMOS is a nonpartisan, nonprofit, "501(c)3 organization" that unites the Latino community.

To access the Comptroller's Internet site to search for "unclaimed funds" belonging to an entity, public or private, or to an individual or to a family, being held by the Comptroller’s Office of Unclaimed Funds, and for instructions for filing an application to retrieve such property from the Comptroller’s Office of Unclaimed Funds, click HERE.





NYPPL Publisher Harvey Randall served as Principal Attorney, New York State Department of Civil Service; Director of Personnel, SUNY Central Administration; Director of Research, Governor’s Office of Employee Relations; and Staff Judge Advocate General, New York Guard. Consistent with the Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations, the material posted to this blog is presented with the understanding that neither the publisher nor NYPPL and, or, its staff and contributors are providing legal advice to the reader and in the event legal or other expert assistance is needed, the reader is urged to seek such advice from a knowledgeable professional.

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