§ 511. Unclaimed property; when deemed abandoned. The following\nunclaimed property shall be deemed abandoned property:\n 1. Any amount (a) received in this state after June thirtieth,\nnineteen hundred forty-six by a broker or dealer or nominee of such\nbroker or dealer as the holder of record of a security remaining unpaid\nto the person entitled thereto for three years following the receipt\nthereof, or (b) when paid to such broker, dealer or nominee on or with\nrespect to a security which has been deemed abandoned.\n 1-a. Any amount (a) received in this state on or after July first,\nnineteen hundred seventy-four by a broker or dealer or nominee of such\nbroker or dealer other than as the holder of record of a security\nremaining unpaid to the person entitled thereto for three years\nfollowing the receipt thereof, or (b) when paid to such broker, dealer\nor nominee on or with respect to a security which has been deemed\nabandoned.\n 2. Any amount (a) received in this state after June thirtieth,\nnineteen hundred forty-six due from a broker or dealer or nominee of\nsuch broker or dealer to a customer which has remained unpaid to the\ncustomer for three years after the date of the last entry, other than\nthe receipt of dividends or interest in the account of such broker,\ndealer or nominee with such customer, or (b) payable on or with respect\nto a security which has been deemed abandoned.\n 3. Any security held in this state by a broker or dealer, or nominee\nof such broker or dealer, as the holder of record of a security for a\ncustomer or for a person or persons unknown to such broker or dealer or\nnominee where, for three successive years, all amounts paid thereon or\nwith respect thereto and received after June thirtieth, nineteen hundred\nforty-six by such broker or dealer or nominee have remained unclaimed.\n Provided, however, that if any amount or security specified in\nsubdivision one, two or three of this section is reflected, recorded, or\nincluded in an account with respect to which such broker or dealer has\non file evidence in writing received within the three years immediately\npreceding the thirty-first day of December preceding the date such\namount or security would otherwise be payable or deliverable pursuant to\nsection five hundred twelve that the person entitled thereto had\nknowledge of such account, then such amount or security shall not be\ndeemed abandoned property.\n 4. Any security held by a broker or dealer or nominee of such broker\nor dealer reflected, recorded, or included in an account with respect to\nwhich, for three successive years, all statements of account or other\ncommunications which have been sent, via first class mail, to the\ncustomer at his last known address have been returned to such broker,\ndealer or nominee by the postal authorities for inability to locate the\ncustomer, and no written communication has been received from the\ncustomer by such broker, dealer or nominee, provided such security was\nreceived or is held in this state by such broker, dealer or nominee or\nthe last known address of the customer is located in this state.\n 5. Any wages held and payable on or after July first, nineteen hundred\nsixty-six by a broker or dealer, as defined in section five hundred ten\nof this article, for the benefit of a person or persons, known or\nunknown shall be deemed to be abandoned property, where for three\nsuccessive years:\n (a) All such wages have remained unpaid to such person, and\n (b) No written communication has been received from such person by the\nholder, and\n (c) Notice regarding such wages, if sent by the broker or dealer, via\nfirst class mail, to such person at his last known address has been\nreturned to the broker or dealer by the postal authorities for inability\nto locate such person.\n 6. Any broker or dealer who satisfies the requirements of this\nsubdivision may determine the property which on the thirty-first day of\nDecember in the years
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