§ 1421 — Property held by rural electric cooperatives

§ 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