Legislation - SB0561

Title: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsored by: Senators Hershey and Mautz
Status: In the Senate - First Reading Judicial Proceedings
Analysis

Synopsis

Providing that certain unclaimed money held by an electric cooperative and due to a past member is not considered abandoned property; and authorizing an electric cooperative to use this money only to assist members of the cooperative or make donations to nonprofit, charitable organizations.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB0227

Introduced in a prior session as: SB0510 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/23/2025 Legislative Date 1/23/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/23/2025	1/23/2025	First Reading Judicial Proceedings
			Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits

File Code

Subjects

Statutes