Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 23, 2014 |
signed chap.372 |
Sep 11, 2014 |
delivered to governor |
Jun 16, 2014 |
returned to assembly passed senate 3rd reading cal.1406 substituted for s7147 |
Jun 16, 2014 |
substituted by a9116 ordered to third reading cal.1406 committee discharged and committed to rules |
Apr 30, 2014 |
referred to consumer protection |
Senate Bill S7147
Signed By Governor2013-2014 Legislative Session
Sponsored By
(D) 22nd Senate District
Archive: Last Bill Status Via A9116 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S7147 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9116
- Law Section:
- General Business Law
- Laws Affected:
- Amd §393-e, Gen Bus L; amd §1416, Ab Prop L
2013-S7147 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7147 TITLE OF BILL: An act to amend the general business law, in relation to the sale of abandoned property location services; and to amend the abandoned property law, in relation to restrictions on agreements to locate abandoned property PURPOSE: The purpose of this legislation is to clarify language relating to the type of abandoned property that is subject to abandoned property location services. Specifically, abandoned property delivered to the state of New York and held by the State Comptroller. This corrects the problems that arise when the finder and claimant are located out of state. SUMMARY OF PROVISIONS: Section 1 amends Subdivision 2 of Section 393-e of the General Business Law to provide that any person, corporation, association, partnership or other entity which sells or offers to sell any abandoned property location services for abandoned property delivered to the state of New York and held by the State Comptroller shall, in every solicitation and agreement for such services, provide to the purchaser of such location services the following notice in a clear and conspicuous manner, and in at least twelve-point boldface type
2013-S7147 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7147 I N S E N A T E April 30, 2014 ___________ Introduced by Sen. FELDER -- (at request of the State Comptroller) -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to the sale of abandoned property location services; and to amend the abandoned prop- erty law, in relation to restrictions on agreements to locate aban- doned property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 393-e of the general business law, as added by chapter 332 of the laws of 2012, is amended to read as follows: 2. Any person, corporation, association, partnership or other entity which sells or offers to sell [in this state] any abandoned property location services FOR ABANDONED PROPERTY DELIVERED TO THE STATE AND HELD BY THE STATE COMPTROLLER shall, in every solicitation and agreement for such services, provide to the purchaser the following notice in a clear and conspicuous manner, and in at least twelve-point boldface type prior to the time of sale: "Abandoned funds held by the State can be obtained directly from the Office of the State Comptroller by the owner of such funds without paying a fee. These funds are held indefinitely by the Office of the State Comptroller. For more information, contact the Office of the State Comptroller at (insert the current telephone number established by the Office of the State Comptroller for receiving inquiries from consumers regarding unclaimed funds) or (insert the current address of the website of the Office of the State Comptroller)." S 2. Subdivision 2 of section 1416 of the abandoned property law, as added by chapter 332 of the laws of 2012, is amended to read as follows: 2. This section shall apply to any person, corporation, association, partnership or other entity which sells or offers to sell [in this state] abandoned property location services FOR ABANDONED PROPERTY DELIVERED TO THE STATE AND HELD BY THE STATE COMPTROLLER; provided, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13665-01-4
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