UNCLAIMED PROPERTY RECOVERY SERVICE, INC. v. UBS PAINEWEBBER INC.


58 A.D.3d 526 (2009)

870 N.Y.S.2d 361

UNCLAIMED PROPERTY RECOVERY SERVICE, INC., Appellant, v. UBS PAINEWEBBER INC., Respondent.

Appellate Division of the Supreme Court of New York, First Department.

January 20, 2009.


The breach of contract cause of action was properly dismissed since the parties' agreement, which provided that defendant would pay plaintiff a fee of ten percent of all unclaimed property recovered, neither specified the "nature of the property" nor "disclose[d] the name and address of the holder" (Abandoned Property Law § 1416 [1] [b], [c]). The court properly refused to incorporate by reference a 36-page list of properties...

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