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New York Unclaimed Funds Publication Requirements
February 26, 2025
Q. Can you advise if we are required to put an ad in the newspaper in regards to unclaimed funds for the state of New York?
A.
(Answered by Jim Sadik, a Principal in the Unclaimed Property Solutions practice with the CPA firm of Baker Tilly US, LLP)
The State of New York does require that companies in many industries publish a notification pertaining to unclaimed property that will be reported to the state. See Article 4 of the abandoned property law, for example, where Section 402 discusses…
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