2006 New York Code - Property Held By Rural Electric Cooperatives.

 
    §  1421.  Property  held  by  rural  electric cooperatives. 1. For the
  purposes of this section, "rural electric  cooperatives"  shall  include
  any  corporation  organized  or  qualified  to do business in this state
  pursuant to the rural electric cooperative law.
    2.  Notwithstanding  any  other  provision  of  this  chapter  to  the
  contrary,  any  share  of  stock,  credit,  dividend,  profit, patronage
  refund,  distribution,  interest,  equity  certificate,  equity  retain,
  payment, or other money or property which:
    (a)  is in the possession of a rural electric cooperative organized or
  qualified to do business in this state pursuant to  the  rural  electric
  cooperative law; or
    (b)  evidences  membership  in or resulted from patronage with a rural
  electric cooperative or the predecessor of such cooperative; or
    (c) is held for, allocated to the account of, allocated in the name of
  or owing by a rural  electric  cooperative  to  a  member,  stockholder,
  patron  or  other  person;  shall  not  be  deemed abandoned property or
  otherwise subject to the provisions of this chapter.