N.Y. Comp. Codes R. & Regs. tit. 2 § 126.1
Current through Register Vol. 46, No. 50, December 11, 2024
If a holder, in the ordinary course of business, receives notice or an indication of the death of an owner, the holder shall attempt to confirm whether the owner is deceased no later than 90 days after notice or indication of death.
Notwithstanding any provision of the abandoned property law and any other law to the contrary, once the death of the apparent owner has been confirmed by the holder of the property, such property shall be subject to the dormancy period and the mandatory reporting applicable to such property as set forth in the abandoned property law. The dormancy period shall commence on the date of death.
N.Y. Comp. Codes R. & Regs. Tit. 2 § 126.1