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N.Y. Debtor & Creditor Law § 198

Unclaimed dividends

2014-09-22

§ 198. Unclaimed dividends. If any dividend that shall have been\ndeclared, shall remain unclaimed by the person entitled thereto for one\nyear after the same was declared, the trustees shall consider it as\nrelinquished, and shall distribute it, on any subsequent dividend, among\nthe other creditors.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.