Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsor: Stephen S. Hershey, Jr. (District 36)Committee: Judicial ProceedingsSubject: Corporations and AssociationsStatus: Approved by the Governor - Chapter 213 (as of Dec 1, 2025)
What this bill does
Official 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 approved by the cooperative's board of directors.
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Testimony (0)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Lang, Alan | Individual | Written (PDF) |
| FAV | Senator Hershey, Senator Hersheylegislator | Individual | Oral |
| FAV | Teffeau, Matthewlobbyist | Individual | Written (PDF) |