New York § 1421 - 1421Property held by rural electric cooperatives
Full text of New York New York Consolidated Laws § 1421 — 1421Property held by rural electric cooperatives, with citation guidance and answers to common questions.
§ 1421. 1421Property 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1421
What does New York Consolidated Laws § 1421 cover?
Section 1421 ("1421Property held by rural electric cooperatives") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 1421?
A common citation format is "New York Consolidated Laws § 1421" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 1421 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.