NY Banking L § 620 (2021)
2021 New York Laws BNK - Banking Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation 620 - Notice to Creditors to Make Proof of Claims; Form of Claims; Claims for Priority of Payment.

§ 620.  Notice  to  creditors to make proof of claims; form of claims;   claims for priority of payment.  1. When the superintendent  shall  have   taken  possession of any banking organization, and shall have determined   to liquidate its affairs, he or she shall notify  all  persons  who  may   have  claims against such banking organization to present such claims to   him or her and make proper proof thereof within  four  months  from  the   date of such notice and at a place specified therein; provided, that (a)   if  the superintendent finds that a shorter period than four months will   afford a reasonable time for presenting claims and making proof thereof,   he or she may specify such shorter period which shall  in  no  event  be   less  than  thirty days or (b) if the superintendent finds that a longer   period than four months is  needed  to  afford  a  reasonable  time  for   presenting  claims  and making proof thereof, he or she may specify such   longer period which shall in no event be more than six months  from  the   date  of  such  notice. In any event the superintendent shall specify in   such notice the last date for presenting claims  and  for  making  proof   thereof.  The superintendent shall cause such notice to be mailed to all   persons whose names appear as creditors upon the books  of  the  banking   organization.  Such  notice  to persons appearing as depositors shall be   mailed to the address appearing upon the deposit records  or  ledger  of   such  banking  organization.  The  superintendent  shall also cause such   notice to be inserted biweekly in such newspaper or newspapers as he  or   she may direct for three consecutive months, the first insertion thereof   to  be published more than ninety days before the last day fixed in such   notice for presenting proof of claims; provided, that where  the  notice   requires  claims  to  be  presented  within  less  than four months, the   superintendent shall cause such notice to be  inserted  weekly  in  such   newspaper  or  newspapers  as he or she may direct for three consecutive   weeks, the first insertion thereof to be published more than  twenty-one   days  before  the  last  day fixed in such notice for presenting claims.   Such notice shall specify that all persons having claims for priority of   payment shall make demand in writing for priority in the proof of  their   claims.  The  superintendent  shall  have  no  power to accept any claim   presented after the date specified in such notice as the last  date  for   presenting claims.2.  A  proof  of claim shall consist of a written statement under oath   signed by the claimant or his attorney in fact, and  shall  be  in  such   form as the superintendent shall require.3.  All persons who shall have failed to demand in writing priority of   payment as specified in the notice to file claims  shall  be  deemed  to   have  waived  and  abandoned  any  right to such priority of payment. No   person who shall have failed to demand in writing priority of payment as   herein above provided, shall be  entitled  to  maintain  any  action  or   proceeding  for  any  priority of payment. In all actions or proceedings   for priority of payment, the claimant shall be required  to  allege  and   prove  that the claim upon which the action is instituted was duly filed   and contained therein demand in writing for priority of payment.