The New York State Senate

§ 400. Unclaimed deposits and refunds for utility services. 1. The
following unclaimed moneys 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 waterworks corporation, shall
be deemed abandoned property:

(a) Any deposit made by a consumer or subscriber with such a
corporation to secure the payment for utility services furnished by such
corporation, or the amount of such deposit after deducting any sums due
to such corporation by such consumer or subscriber, together with any
interest due thereon, which shall have remained unclaimed by the person
or persons appearing to be entitled thereto for two years after the
termination of the utility services to secure the payment of which such
deposit was made, or, if during such two year period utility services
are furnished by such corporation to such consumer or subscriber and
such deposit is held by such corporation to secure payment therefor, for
two years after the termination of such utility services.

(b) Any amount paid by a consumer or subscriber to such a corporation
in advance or in anticipation of utility services furnished or to be
furnished by such corporation which in fact is not furnished, after
deducting any sums due to such corporation by such consumer or
subscriber for utility services in fact furnished, which shall have
remained unclaimed by the person or persons appearing to be entitled
thereto for two years after the termination of the utility services for
which such amount was paid in advance or in anticipation, or, if during
such period utility services are furnished by such corporation to such
consumer or subscriber and such amount is applied to the payment in
advance or in anticipation of such utility services, for two years after
the termination of such utility services.

(c) The amount of any refund of excess or increased rates or charges
heretofore or hereafter collected by any such corporation for utility
services lawfully furnished by such corporation which has been or shall
hereafter lawfully be ordered refunded to a consumer or other person or
persons entitled thereto, together with any interest due thereon, less
any lawful deductions, which shall have remained unclaimed by the person
or persons entitled thereto for two years from the date it became
payable in accordance with the final determination or order providing
for such refund.

2. Any such abandoned property held or owing by such a corporation to
which the right to receive the same is established to the satisfaction
of such corporation shall cease to be deemed abandoned.