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N.Y. BNK Law § 31

This is the official text of N.Y. BNK Law § 31, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.

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Index of persons entitled to unclaimed amounts; payment to persons entitled; deduction of service charge

Official statutory text

§ 31. Index of persons entitled to unclaimed amounts; payment to\npersons entitled; deduction of service charge. An index shall be kept in\nthe office of the department of the names of all persons for whom the\nsuperintendent holds in trust any unclaimed amounts. The superintendent\nmay pay over any such amount which he holds in trust amounting to over\nthree dollars to any person who shall show by evidence satisfactory to\nthe superintendent that he is lawfully entitled to receive it. In cases\nof doubt or conflicting claims, he may require of the claimant an order\nof the supreme court authorizing and directing the payment thereof. The\nsuperintendent shall be held harmless and shall not be liable to any\nsubsequent claimant for any payment made by him in good faith. The\nsuperintendent shall deduct from the amount of any claim of fifty\ndollars or more allowed by him or ordered by the court to be paid a\nservice charge of one percentum of the amount thereof, but in no event\nless than one dollar and, in addition, any costs, disbursements and\nlegal fees which the court may allow. The amount so deducted shall be\npaid into the state treasury in accordance with the provisions of\nsection seventeen of this chapter.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.