401 - Annual report of abandoned property. - New York Statutes

§ 401. Annual report of abandoned property. 1. On or before the first day of August in each year every such corporation shall make a verified written report to the state comptroller, which shall contain a true and accurate statement, as of the first day of July next preceding, of all abandoned property specified in section four hundred, held or owing by it. 2. (a) As to abandoned property specified in paragraphs (a) and (b) of subdivision one of section four hundred, such report shall set forth: (i) the name and last known address of each depositor or subscriber appearing from the records of such corporation to be entitled to receive any such abandoned property; (ii) the date when the deposit was made or amount paid; (iii) the amount of such deposit or payment; (iv) the date when utility services furnished such consumer or subscriber ceased; (v) any sums due and unpaid to the corporation by such consumer or subscriber, with interest thereon from the date of termination of service; (vi) the amount of interest due upon such deposit or payment on any balance thereof that has remained with such corporation and not been credited to such consumer's or subscriber's account; (vii) the amount of such abandoned property; and (viii) such other identifying information as the state comptroller may require. (b) As to abandoned property specified in paragraph (c) of subdivision one of section four hundred, such report shall set forth: (i) the name and last known address of each person appearing from the records of such corporation to be entitled to receive the same; (ii) the amount appearing from such records to be due each such person; (iii) the date payment became due; and (iv) such other identifying information as the state comptroller may require. 3. Such report shall be in such form and the abandoned property listed classified in such manner as the state comptroller may prescribe. Names of persons entitled to such abandoned property appearing in such report shall be listed in alphabetical order within each such classification. 4. In case any such corporation shall on the first day of July in any year neither hold nor owe any abandoned property specified in section four hundred, it shall on or before the first day of August next succeeding make a verified written report to the state comptroller so stating.