New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 125
Section 125.1
Universal Citation: 125.1 NY Comp Codes Rules and Regs ยง 125.1
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Electronic Contact. For the purposes of satisfying the dormancy requirements in the Abandoned Property Law, the following methods of electronic contact and electronic account activity shall constitute "written communication", "writing", and "written evidence", as used in the Abandoned Property Law:
(1) the receipt of electronic mail (email)
communication from the entitled account holder of the property that matches the
registered email address on record; or
(2) evidence that the entitled account holder
has accessed their personal account through the electronic method made
available by the holder of the property, including but not limited to, a
website, mobile application, or any other reasonable electronic
method.
(b) Evidence of electronic contact or electronic account activity within the relevant dormancy period in the Abandoned Property Law can be cited to prevent the property from being deemed abandoned.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
