N.Y. Personal Property Law 255 – Disposition of instruments
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§ 255. Disposition of instruments. 1. An instrument deposited with the police shall be delivered to the person entitled thereto upon payment of all reasonable expenses incurred in connection therewith.
Terms Used In N.Y. Personal Property Law 255
- finder: as used in this article means the person who first takes possession of lost property. See N.Y. Personal Property Law 251
- instrument: as used in this article means a check, draft, promissory note, bond, bill of lading, warehouse receipt, stock certificate or other paper or document, other than those payable, drawn or issued to bearer or to cash and other than money, evidencing, representing or embodying a chose in action or a right with respect to property or a share, participation or other interest in property or in an enterprise. See N.Y. Personal Property Law 251
2. No instrument deposited with the police shall be destroyed or sold. Except as provided in subdivision three of section two hundred fifty-six, no such instrument shall be returned to the finder, or his employer, or the person who deposited it with the police, or the person upon whose premises it was found.