(i) paragraph (a) of subdivision one of section three hundred of this
chapter; or
(ii) subdivision one of section four hundred of this chapter; or
(iii) paragraph (a) of subdivision one of section six hundred of this
chapter; or
(iv) subdivision one of section ten hundred of this chapter.
(b) No claimant to abandoned property heretofore paid to the state
comptroller shall be entitled to receive interest on account of such
property, whether or not he was entitled to interest on such property
prior to such payment, except that as to abandoned property paid to the
state comptroller pursuant to the provisions of sub-paragraphs (i),
(ii), (iii) and (iv) of subdivision one of this section no earlier than
five years preceding the first day of July, nineteen hundred
seventy-seven, such abandoned property shall accrue simple interest for
that portion of such five year period remaining after the thirtieth day
of June, nineteen hundred seventy-seven.
2. (a) Notwithstanding subdivision one of this section, any property
heretofore or hereafter received by the state comptroller pursuant to
this chapter or any law relating to the disposition of abandoned
property, which is subject to the interest crediting provisions of part
five hundred of foreign assets control regulations, part five hundred
fifteen of Cuban assets control regulations or part five hundred twenty
of foreign funds control regulations of the United States department of
the treasury, shall be credited with interest at a rate not less than
the maximum rate payable on the shortest time deposit available in any
domestic bank in this state.
(b) Interest shall be credited from the effective date of this
subdivision, to abandoned property subject to paragraph (a) of this
subdivision for so long as such property continues to be subject to part
five hundred of foreign assets control regulations, part five hundred
fifteen of Cuban assets control regulations or part five hundred twenty
of foreign funds control regulations of the United States department of
the treasury and is held by the state comptroller.
Structure New York Laws
Article 14 - General Provisions
1400 - Statutes of Limitations Not a Bar.
1401 - Comptroller to Maintain Public Record.
1402 - Publication of Abandoned Property by State Comptroller.
1403 - Sale of Personal Property by State Comptroller.
1405 - Accrual of Interest After Payment of Abandoned Property to the State Comptroller.
1406 - Claims for Abandoned Property Heretofore or Hereafter Paid to the State.
1407 - Payment by Comptroller.
1409 - Payment for Publication.
1410 - Designation of Newspapers.
1412 - Penalty, Interest and Special Proceedings.
1412-A - Retention of Books and Records.
1413 - Penalty for Fraudulent Returns.
1414 - Comptroller to Make Regulations.
1415 - Deduction of Certain Charges.
1416 - Restriction on Agreement to Locate And/or Retrieve Abandoned Property.
1417 - Agreements With Other States.
1418 - Property for New York Residents Held by Other States.
1419 - Reporting of Abandoned Property in the Aggregate.
1420 - Property Held by Agricultural Cooperative Corporation.