Text: S03420 Text: S03422 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 564, as passed by the House, as 1 2 follows: 1 3 #1. Page 2, line 9, by striking the word and 1 4 figure "section 556.5" and inserting the following: 1 5 "sections 556.5 and 556.11". 1 6 #2. Page 2, by inserting after line 13, the 1 7 following: 1 8 " . Any disbursement that is retained by the 1 9 cooperative association shall be forfeited to the 1 10 cooperative association if the cooperative association 1 11 publishes at least one notice of the abandoned 1 12 property in a publication regularly distributed to its 1 13 membership or in a newspaper having a general 1 14 circulation in the county where the cooperative 1 15 association is located. The notice shall include all 1 16 of the following: 1 17 a. The name and address of the cooperative 1 18 association. 1 19 b. The name of the person who has an interest in 1 20 the disbursement according to the records of the 1 21 cooperative association. 1 22 c. A brief description of the type of disbursement 1 23 retained by the cooperative association. 1 24 d. A statement that the disbursement will be 1 25 forfeited to the cooperative association unless the 1 26 person files a claim for the disbursement within the 1 27 period provided for in this section." 1 28 #3. Page 2, by striking lines 25 through 29, and 1 29 inserting the following: "within six months after the 1 30 first date that the notice of abandoned property is 1 31 first published as provided in this section, the 1 32 disbursement shall be forfeited to the cooperative 1 33 association." 1 34 #4. Page 2, line 30, by striking the word 1 35 "disbursement" and inserting the following: 1 36 "disbursements". 1 37 #5. Page 2, line 31, by striking the word "is" and 1 38 inserting the following: "are". 1 39 #6. Page 2, line 32, by inserting before the words 1 40 "the directors" the following: "provided in this 1 41 subsection. The cooperative association may authorize 1 42 the payment of forfeited disbursements to persons 1 43 claiming interests in forfeited disbursements as 1 44 provided in the cooperative association's articles of 1 45 incorporation or bylaws. Otherwise, forfeited 1 46 disbursements shall be used as". 1 47 #7. By renumbering as necessary. 1 48 1 49 1 50 2 1 EUGENE S. FRAISE 2 2 2 3 2 4 2 5 MARK ZIEMAN 2 6 HF 564.202 79 2 7 da/gg
Text: S03420 Text: S03422 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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