The Gold Book

In addition to the change of inactivity periods which have been updated in The Gold Book, there are a few other notable changes to the NYS Abandoned Property Laws.

• financial institutions are no longer required to file preliminary reports
• financial institutions are no longer required to file negative reports
• Form AC2709, VERIFICATION AND CHECKLIST FOR UNCLAIMED PROPERTY is updated as of May 2011
• Form AC2709 no longer has to be notarized
• Many of the contact addresses for unclaimed funds have changed

To see the new Form AC2790 click here: http://www.osc.state.ny.us/ouf…..ac2709.pdf

A new page summarizing the reporting process has been added to The Gold Book.

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