Sec. 122.1. Surety bond requirement in certain abandoned property claims

As a condition precedent to payment of a refund of abandoned property held by him, the State Comptroller may require that the claimant furnish him with a surety bond, issued by a corporate surety authorized to do business in this State, wherein the principal and surety will agree to save harmless the State of New York, the State Comptroller and his successors in office, from any loss or damage by reason of the payment to the claimant.