§ 510. Definitions. When used in this article, the following items shall have the following meanings: 1. “Corporation” shall include any joint stock company, corporation, association of two or more individuals, committee, public authority, or business trust. 2. “Public issuer” shall include the United States, the several states and territories thereof, political subdivisions and municipal […]
§ 511. Unclaimed property; when deemed abandoned. The following unclaimed property shall be deemed abandoned property: 1. Any amount (a) received in this state after June thirtieth, nineteen hundred forty-six by a broker or dealer or nominee of such broker or dealer as the holder of record of a security remaining unpaid to the person […]
§ 512. Payment or delivery of abandoned property. 1. In the month of March of each year, and on or before the tenth day thereof, every broker or dealer shall pay or deliver to the state comptroller all property which on the preceding thirty-first day of December was deemed abandoned property pursuant to section five […]
§ 513. Report to accompany payment or delivery. A payment or delivery pursuant to section five hundred twelve shall be accompanied by a written report, affirmed as true and accurate under penalty of perjury, in such form as the state comptroller may prescribe, setting forth: 1. With reference to any amount specified in subdivision one […]
§ 513-a. Retention of books and records. 1. Every broker or dealer shall retain the books and records set forth in subdivision two of this section relating to the years nineteen hundred sixty-seven, nineteen hundred sixty-eight, nineteen hundred sixty-nine and nineteen hundred seventy for a period of ten years following the end of the year […]
§ 514. Reimbursement of brokers or dealers. 1. A broker or dealer which has paid or delivered to the state comptroller abandoned property pursuant to section five hundred twelve may elect to make payment to the person entitled thereto. A broker or dealer making such payment may file claim for reimbursement by the state comptroller. […]
