Bill
Bill > A01290
summary
Introduced
01/08/2021
01/08/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the abandoned property law, in relation to extending the term for claiming unclaimed property from three to five years
AI Summary
This bill extends the term for claiming unclaimed property from three to five years. Specifically, it amends the abandoned property law to change the timeframe from three years to five years for various types of unclaimed property held by banking organizations, corporations, brokers, dealers, and life insurance companies. The bill aims to provide more time for the rightful owners to claim their unclaimed property before it is considered abandoned and turned over to the state.
Committee Categories
Budget and Finance
Sponsors (18)
Peter Abbate (D)*,
Steven Englebright (D)*,
Bill Magnarelli (D)*,
Jo Anne Simon (D)*,
Vivian Cook (D),
Catalina Cruz (D),
Inez Dickens (D),
Nathalia Ferna´ndez (D),
Sandy Galef (D),
Deborah Glick (D),
Richard Gottfried (D),
Aileen Gunther (D),
Kimberly Jean-Pierre (D),
David Rosenthal (D),
Nader Sayegh (D),
Phil Steck (D),
Al Stirpe (D),
Jaime Williams (D),
Last Action
referred to ways and means (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A1290 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01290&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01290 |
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