House Journal: Page 1618: Friday, April 27, 2001
The nays were, none.
Absent or not voting, 8:
|
Fallon | Grundberg | Jenkins | Klemme |
|
Mertz | Smith | Stevens | Sukup |
|
|
The bill having received a constitutional majority was declared to
have passed the House and the title was agreed to.
Teig of Hamilton called up for consideration House File 564, a bill
for an act providing for the reversion of dividends and distributions
by certain cooperative associations, amended by the Senate, and
moved that the House concur in the following Senate amendment H-
1652:
H-1652
1 Amend House File 564, as passed by the House, as
2 follows:
3 1. Page 2, line 9, by striking the word and
4 figure "section 556.5" and inserting the following:
5 "sections 556.5 and 556.11".
6 2. Page 2, by inserting after line 13, the
7 following:
8 " . Any disbursement that is retained by the
9 cooperative association shall be forfeited to the
10 cooperative association if the cooperative association
11 publishes at least one notice of the abandoned
12 property in a publication regularly distributed to its
13 membership or in a newspaper having a general
14 circulation in the county where the cooperative
15 association is located. The notice shall include all
16 of the following:
17 a. The name and address of the cooperative
18 association.
19 b. The name of the person who has an interest in
20 the disbursement according to the records of the
21 cooperative association.
22 c. A brief description of the type of disbursement
23 retained by the cooperative association.
24 d. A statement that the disbursement will be
25 forfeited to the cooperative association unless the
26 person files a claim for the disbursement within the
27 period provided for in this section."
28 3. Page 2, by striking lines 25 through 29, and
29 inserting the following: "within six months after the
30 first date that the notice of abandoned property is
31 first published as provided in this section, the
32 disbursement shall be forfeited to the cooperative
© 2001 Cornell College and
League of Women Voters of Iowa
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