New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 130 - CLAIM FOR FUNDS HELD BY THE OFFICE OF UNCLAIMED FUNDS OWED TO A DECEDENT OR A DECEDENT'S ESTATE QUALIFYING AS A SMALL ESTATE
Section 130.1 - Purpose

Surrogate's Court Procedure Act section 1310 permits, but does not require, debtors to discharge debts to a decedent or a decedent's estate, by making payment to certain relatives or creditors of the decedent. The purpose of this regulation is to set forth the circumstances under which the comptroller will exercise his or her discretion under such provision to discharge debts owed to decedents or their estates with respect to property held under the Abandoned Property Law by payment of claims submitted by a decedent's relatives and creditors, and to set forth processes by which other claims not exceeding $30,000 may be made.