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2001 SESSION

  • print version
(SB950)

AMENDMENT(S) PROPOSED BY THE HOUSE

DEL. RUST

    Line 80, engrossed, after made.

      insert

        2. Any transfer by forfeiture of membership or patronage equity, including but not limited to membership stock, patronage refunds, patronage refund allocations, or any credit or distribution attributable to business done with or for patrons, which an association subject to this act has completed prior to July 1, 2001, shall be effective if such transfer was in compliance with the bylaws or member agreements of the association in effect at the time of such transfer, without regard to the publication requirements set forth in this act, and such transfer shall not be subject to the Uniform Disposition of Unclaimed Property Act (§ 55-210.1 et seq.).