MATTER OF HD SERVICES, LLC v. NEW YORK STATE COMPTROLLER


51 A.D.3d 1236 (2008)

858 N.Y.S.2d 448

In the Matter of HD SERVICES, LLC, Doing Business as KENSINGTON SHAREHOLDER SERVICES, Respondent, v. NEW YORK STATE COMPTROLLER, Appellant.

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

Decided May 15, 2008.


Cardona, P.J.

The State Office of Unclaimed Funds (hereinafter OUF) is a branch of respondent and serves as the recipient, fiduciary and disbursement office for abandoned or unclaimed assets held by respondent. Companies such as petitioner are referred to as "finders" and are engaged in the business of locating individuals who are entitled to such property and then assisting them with filing claims to recover their assets. Pursuant to Abandoned Property Law §...

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