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MATTER OF NEW YORK UNIV. v. REGAN

91 A.D.2d 751 (1982)

In the Matter of New York University, Petitioner, v. Edward V. Regan, as Comptroller of The State of New York, et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Third Department.

December 23, 1982

Foreign and domestic corporations are required, pursuant to subdivision 1 of section 502 of the Abandoned Property Law, to pay or deliver to the Comptroller all property which has been deemed abandoned pursuant to section 501 of the Abandoned Property Law. Subdivision 3 of section 501 of the Abandoned Property Law, which became effective April 1, 1969, defines certain unclaimed wages as abandoned property. In May, 1979, the Bureau of Abandoned Property audited petitioner...

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