§ 1215. Escheat. If the rightful owner of any property in the\npossession, custody or control of the United States either (a) shall\nhave been or shall be unknown for seven consecutive years; or (b) shall\nhave died or shall die without having disposed thereof and without\nhaving left or without leaving a will disposing thereof, and without\nleaving heirs, next-of-kin, or distributees; or (c) shall have abandoned\nor shall abandon such property, and either:\n (i) the last known address of such rightful owner, as it appears from\nthe records of the United States is in this state, or\n (ii) there is no last known address for such rightful owner and the\nagency or instrumentality possessing, holding, controlling or owing such\nproperty is a corporation domiciled in this state; or\n (iii) there is no last known address for such rightful owner, the\nagency or instrumentality possessing, holding, controlling or owing such\nproperty is not a corporation or is a corporation domiciled in a state\nother than New York which has no escheat or custodial statute relating\nto unclaimed or abandoned property and either\n 1. the records showing the name of and amount due the rightful owner\nare in this state; or\n 2. such property was paid to, deposited with or otherwise acquired by\nthe United States in this state or as the result of transactions\noccurring in this state; or\n 3. such property is owed or came into being as the result of returns\nfiled or other transactions occurring in this state; or\n 4. the court, in its discretion, finds that such property has or had\nsufficient other contacts with this state;\nthen such property, together with all interest or other increments\naccrued thereon, shall escheat to the state of New York.\n
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