Did You Know? – No Abandoned Milk Money

by admin

It’s time again for Did You Know?  On Fridays here at Escheatable, we provide you with interesting information regarding the unclaimed property laws to amaze your friends and frighten your enemies.  Today’s entry is from New York:

You say you’d like to buy milk?  Can I see your license?

The New York Abandoned Property Law does not apply to abandoned interests in the Milk Producers Security Program, which protects milk sellers from defaults by “licensed” “milk dealers.”  Presumably, amounts received from unlicensed street milk dealers are subject to the APL.

Source:  N.Y. Agriculture & Markets Law, Sec. 258-b.