Legislation - HB0227

Title: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsored by: Delegates Adams and Crosby
Status: In the House - Favorable Report by Economic Matters
Analysis: Fiscal and Policy Note

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:: Economic Matters Click to view Recorded Media

Details

Cross-filed with: SB0561

Introduced in a prior session as: HB0487 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 10/01/2024 Legislative Date 10/01/2024 Action Pre-filed Proceedings
Chamber House Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings
Chamber House Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action Hearing 1/21 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/10/2025 Legislative Date 2/10/2025 Action Favorable Report by Economic Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	10/01/2024	10/01/2024	Pre-filed
House	1/08/2025	1/08/2025	First Reading Economic Matters
			Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
House	1/08/2025	1/08/2025	Hearing 1/21 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/10/2025	2/10/2025	Favorable Report by Economic Matters

File Code

Subjects

Statutes