New York § 1421 Property held by rural electric cooperatives

New York Statutes

§ 1421 — Property held by rural electric cooperatives

New York § 1421

Law ABPAbandoned Property

Art. 14General Provisions

This text of New York § 1421 (Property held by rural electric cooperatives) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Abandoned Property § 1421 (2026).

Text

§ 1421. Property held by rural electric cooperatives.

1.For the\npurposes of this section, "rural electric cooperatives" shall include\nany corporation organized or qualified to do business in this state\npursuant to the rural electric cooperative law.\n 2. Notwithstanding any other provision of this chapter to the\ncontrary, any share of stock, credit, dividend, profit, patronage\nrefund, distribution, interest, equity certificate, equity retain,\npayment, or other money or property which:\n (a) is in the possession of a rural electric cooperative organized or\nqualified to do business in this state pursuant to the rural electric\ncooperative law; or\n (b) evidences membership in or resulted from patronage with a rural\nelectric cooperative or the predecessor of such cooperative; or

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§ 1421. Property held by rural electric cooperatives. 1. For the\npurposes of this section, "rural electric cooperatives" shall include\nany corporation organized or qualified to do business in this state\npursuant to the rural electric cooperative law.\n 2. Notwithstanding any other provision of this chapter to the\ncontrary, any share of stock, credit, dividend, profit, patronage\nrefund, distribution, interest, equity certificate, equity retain,\npayment, or other money or property which:\n (a) is in the possession of a rural electric cooperative organized or\nqualified to do business in this state pursuant to the rural electric\ncooperative law; or\n (b) evidences membership in or resulted from patronage with a rural\nelectric cooperative or the predecessor of such cooperative; or\n (c) is held for, allocated to the account of, allocated in the name of\nor owing by a rural electric cooperative to a member, stockholder,\npatron or other person; shall not be deemed abandoned property or\notherwise subject to the provisions of this chapter.\n