HB1675 - Unclaimed property; prescribe process to be used by certain cooperatives with regard to disposition of.
Mississippi - 2024 Regular Session
Introduced byShane Aguirre
Last updated 5 months ago
1 Co-Sponsor
An Act To Amend Section 89-12-3, Mississippi Code Of 1972, To Define The Term Farm Credit System Cooperative Associations Under The Provisions Of The Uniform Disposition Of Unclaimed Property Act; To Amend Section 89-12-11, Mississippi Code Of 1972, To Exempt Farm Credit System Cooperative Associations From The Requirements To Dispose Of Stock Or Other Intangible Ownership Interests, Dividends, Distributions Or Property Presumed To Be Abandoned By An Owner After The Specified Five-year Period In The Manner Prescribed By Law; To Allow Farm Credit System Cooperative Associations To Retain The Unclaimed Funds Which Shall Be Used For The Benefit Of The General Membership Of The Association; And For Related Purposes.
STATUS
Passed
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