New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 123 - Forms And Procedures For The Reporting And Payment Of Abandoned Property
Section 123.7 - Delivery of securities
Current through Register Vol. 46, No. 12, March 20, 2024
All reported positions must be delivered at the time the abandoned property reports are filed. It is recommended that, where possible the delivery of abandoned securities to the State Comptroller be made by means of book entries via the Depository Trust Company (DTC). The following instructions relate to the reporting of abandoned securities whether the report is in an electronic format or on paper form AC 2686, Report of Abandoned Property, for securities physically delivered to the Office of Unclaimed Funds, transmitted via DTC to the Office of Unclaimed Funds' broker, or transferred to an account registered to the State Comptroller.
(a) DTC wire transfer.
(b) Physical delivery of securities.
(c) Account/journal transfer.
(d) Undeliverable positions.