Bill Text: NY S02640 | 2011-2012 | General Assembly | Amended

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Bill Title: Authorizes the comptroller to pay the proceeds of the estate of Howard J. Geyer to any person who can trace a familial relationship through common great-grandparents with the decedent; provides a kinship hearing in the surrogate's court of the county of Suffolk to determine persons entitled to such proceeds.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2012-06-21 - referred to judiciary [S02640 Detail]

Download: New_York-2011-S02640-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 2640--A                                            A. 3733--A
                              2011-2012 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                   January 27, 2011
                                      ___________
       IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
         ed,  and when printed to be committed to the Committee on Judiciary --
         recommitted to the Committee on Judiciary in  accordance  with  Senate
         Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
         reprinted as amended and recommitted to said committee
       IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once  and  referred
         to the Committee on Judiciary -- recommitted to the Committee on Judi-
         ciary  in  accordance  with  Assembly  Rule  3,  sec.  2  -- committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       AN ACT in relation to authorizing  the  state  comptroller  to  pay  the
         proceeds  of the estate of Howard J. Geyer to any person who can trace
         a familial relationship through  common  great-grandparents  with  the
         decedent, and providing for a kinship hearing in the surrogate's court
         of  the  county  of  Suffolk  to  determine  persons  entitled to such
         proceeds
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Notwithstanding  the  provisions  of section 4-1.1 of the
    2  estates, powers, and trusts law, or any other provision of  law  to  the
    3  contrary,  the  state  comptroller  shall  be  authorized to pay the net
    4  proceeds of the estate of Howard J. Geyer, county of Suffolk  (file  No.
    5  392A2003),  plus  any interest accrued, from the abandoned property fund
    6  of the state of New York,  to  any  person  who  can  trace  a  familial
    7  relationship   through  common  great-grandparents  with  the  decedent.
    8  Persons entitled to the proceeds of such estate, pursuant to  this  act,
    9  shall  first  be determined through a kinship hearing to be conducted by
   10  the surrogate's court of the county of Suffolk. As a condition precedent
   11  to distribution of the funds by the state comptroller, all persons enti-
   12  tled to the proceeds of such estate, as determined by the kinship  hear-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07768-02-2
       S. 2640--A                          2                         A. 3733--A
    1  ing,  shall  present to the state comptroller a binding legal agreement,
    2  providing for the apportionment of the proceeds of such estate plus  any
    3  interest  accrued, executed by all persons entitled to the proceeds. The
    4  state  comptroller shall not make any payment until such agreement shall
    5  have been filed with both the surrogate's court of  Suffolk  County  and
    6  the state comptroller.
    7    S  2.  This  act shall take effect on the thirtieth day after it shall
    8  have become a law.