N.Y. Abandoned Property Law 201 – Action for recovery of property
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§ 201. Action for recovery of property. Whenever the attorney-general has good reason to believe that the title to, or right of possession of, any real property has vested in the people of the state by escheat whether from defect of heirs, alienage or otherwise, or by conviction or outlawry for treason as provided in section eight hundred nineteen of the code of criminal procedure, he may commence an action to recover the property.
Terms Used In N.Y. Abandoned Property Law 201
- Conviction: A judgement of guilt against a criminal defendant.
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.