Section 1301.5 - Property held by utilitiesThe following funds held or owing by any utility are presumed abandoned and unclaimed:
1. Any customer advance, toll, deposit or collateral security or any other property held by any utility if under the terms of an agreement the advance, toll, deposit, collateral security or other property is due to or demandable by the owner and has remained unclaimed for three (3) years or more from the date when it first became due to or demandable by the owner under the agreement.2. Any sum which a utility has been ordered to refund, less any lawful deductions, and which has remained unclaimed by the person appearing on the records of the utility entitled thereto for two (2) years or more after the date it became payable in accordance with the final order providing for the refund.Amended by P.L. 1053 2014 No. 126, § 4, eff. 7/10/2014.1929, April 9, P.L. 343, art. XIII.1, § 1301.5, added 1982, Dec. 9, P.L. 1057, No. 248, § 5, imd. effective. Amended 2002, June 29, P.L. 614, No. 91, § 6, effective July 1, 2002.