N.Y. Abandoned Property Law § 1311: Unclaimed moneys erroneously collected by utility corporations on account of taxes

§ 1311. Unclaimed moneys erroneously collected by utility corporations

on account of taxes. 1. Any amount held or owing by a gas corporation,

an electric corporation, a gas and electric corporation, a district

steam corporation, a telegraph corporation, a telephone corporation, a

telegraph and telephone corporation or a water works corporation which

it has collected within eight years next preceding the effective date of

this section, or which it shall hereafter collect, from a consumer or

subscriber for or on account of any tax or assessment, or any part

thereof, for which the consumer or subscriber was not legally liable,

less lawful deductions, which shall have remained unclaimed by the

person or persons entitled thereto for one year from the date it was so

collected, shall be deemed abandoned property.

2. Any such abandoned property held or owing by such a corporation to

which the right to receive a refund of the same is established to the

satisfaction of such corporation shall cease to be deemed abandoned.

3. On or before the tenth day of October in each year, every such

corporation shall pay to the state comptroller all property which, as of

the first day of July next preceding, was deemed abandoned pursuant to

this section, held or owing by such corporation. Such payment shall be

accompanied by a true and accurate report containing such identifying

information as the state comptroller may require.