Citation Numbers: 114 A.D.2d 194, 498 N.Y.S.2d 569, 1986 N.Y. App. Div. LEXIS 13818
Judges: Kane, Mahoney
Filed Date: 2/13/1986
Status: Precedential
Modified Date: 10/28/2024
(dissenting). In my view, Abandoned Property Law § 1309 (2) (d) was not intended by the Legislature to be applied retroactively, and, therefore, I would reverse Special Term’s judgment and grant the petition.
It is well settled in this State that there is a general presumption against the retroactive operation of a statute and
This analysis is supported by a reading of a 1973 amendment to the statute. This amendment added paragraphs (a), (b) and (c) to Abandoned Property Law § 1309 (2). The amendment expressly stated that it was retroactive: "This act shall take effect immediately, and shall apply to travelers checks and money orders sold on or after January first, nineteen hundred thirty” (L 1973, ch 881, § 5). Since the Legislature clearly stated its intent that the 1973 amendment be applied retroactively, it could have done so with regard to the 1979 amendment had it so intended.
Casey, Weiss and Levine, JJ., concur with Kane, J.; Mahoney, P. J., dissents and votes to reverse in an opinion.
Judgment affirmed, without costs.