Authorizes the comptroller to pay the proceeds of the estate of Howard J. Geyer to any person who can trace a familial relationship through common great-grandparents with the decedent; provides a kinship hearing in the surrogate's court of the county of Suffolk to determine persons entitled to such proceeds.

---

S2640-2011 Actions

• Jun 21, 2012: referred to judiciary
• Jun 21, 2012: DELIVERED TO ASSEMBLY
• Jun 21, 2012: PASSED SENATE
• Jun 21, 2012: ORDERED TO THIRD READING CAL.1437
• Jun 21, 2012: COMMITTEE DISCHARGED AND COMMITTED TO RULES
• Mar 19, 2012: PRINT NUMBER 2640A
• Mar 19, 2012: AMEND (T) AND RECOMMIT TO JUDICIARY
• Jan 4, 2012: REFERRED TO JUDICIARY
• Jan 4, 2012: returned to senate
• Jan 4, 2012: died in assembly
• Jun 21, 2011: referred to insurance
• Jun 21, 2011: DELIVERED TO ASSEMBLY
• Jun 21, 2011: PASSED SENATE
• Jun 21, 2011: ORDERED TO THIRD READING CAL.1452
• Jun 21, 2011: COMMITTEE DISCHARGED AND COMMITTED TO RULES
• Jan 27, 2011: REFERRED TO JUDICIARY

S2640-2011 Meetings

Rules: Jun 24, 2011

S2640-2011 Calendars

Floor Calendar: Jun 21, 2011

S2640-2011 Votes

S2640-2011 Memo

BILL NUMBER:S2640

TITLE OF BILL:
An act
in relation to authorizing the state comptroller to pay the proceeds of
the estate of Howard J. Geyer to any person who can trace a familial
relationship through common grandparents with the decedent, and
providing for a kinship hearing in the surrogate's court of the county
of Suffolk to determine persons entitled to such proceeds

PURPOSE:
This legislation would allow the estate of Howard Geyer to be
distributed among his distant relatives, rather than be held by the
comptroller's Office of Unclaimed Funds.

SUMMARY OF PROVISIONS:
This is a special act to authorize the New York State Comptrollers to
pay the proceeds of the estate of Howard G. Geyer to certain family
members.

JUSTIFICATION:
Howard J. Geyer died without leaving a will; as such his estate was to
be distributed according to New York State law. Current law limits
the definition of a designee as someone who shares a common
grandparent with the deceased. If there is no one to claim the
inheritance with this familial relationship, the funds remain as
abandoned property.

LEGISLATIVE HISTORY:
2009:    S.5358/A.7288
2007-08: S.3210A/A.6021

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
Immediately.

S2640-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

      S. 2640                                                  A. 3733

                         2011-2012 Regular Sessions

                        SENATE - ASSEMBLY

                              January 27, 2011
                                 ___________

  IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
    ed, and when printed to be committed to the Committee on Judiciary

  IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
    to the Committee on Judiciary

  AN ACT in relation to authorizing  the  state  comptroller  to  pay  the
    proceeds  of the estate of Howard J. Geyer to any person who can trace
    a familial relationship through common grandparents with the decedent,
    and providing for a kinship hearing in the surrogate's  court  of  the
    county of Suffolk to determine persons entitled to such proceeds

    THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section 1. Notwithstanding the provisions  of  section  4-1.1  of  the
  estates,  powers,  and  trusts law, or any other provision of law to the
  contrary, the state comptroller shall  be  authorized  to  pay  the  net
  proceeds  of  the estate of Howard J. Geyer, county of Suffolk (file No.
  392A2003), plus any interest accrued, from the abandoned  property  fund
  of  the  state  of  New  York,  to  any  person who can trace a familial
  relationship  through  common  great-grandparents  with  the   decedent.
  Persons  entitled  to the proceeds of such estate, pursuant to this act,
  shall first be determined through a kinship hearing to be  conducted  by
  the surrogate's court of the county of Suffolk. As a condition precedent
  to distribution of the funds by the state comptroller, all persons enti-
  tled  to the proceeds of such estate, as determined by the kinship hear-
  ing, shall present to the state comptroller a binding  legal  agreement,
  providing  for the apportionment of the proceeds of such estate plus any
  interest accrued, executed by all persons entitled to the proceeds.  The
  state  comptroller shall not make any payment until such agreement shall
  have been filed with both the surrogate's court of  Suffolk  County  and
  the state comptroller.
    S 2. This act shall take effect immediately.

   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD07768-01-1