|§ 1213||Purpose and Policy|
|§ 1222||Application of Other Provisions of Article Twelve|
|§ 1223||Alternative to Escheat|
Terms Used In New York Laws > Abandoned Property > Article 12-A
- assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: includes , but is not limited to, money, rights to claim refunds or rebates, postal savings deposits, bonds, notes, certificates, policies of insurance, other instruments of value, choses in action, obligations whether written or unwritten, and any thing of value of any nature whatsoever. See N.Y. Abandoned Property Law 1214
- statute: A law passed by a legislature.
- testimony: Evidence presented orally by witnesses during trials or before grand juries.
- United States: means any officer, agency, department or instrumentality of the United States of America, other than a court, and any corporation organized under its laws. See N.Y. Abandoned Property Law 1214