House Sponsors: NOLAND-HARTKE-REITZ-POE-BRADY. Senate Sponsors: SIEBEN Short description: UNCLMD PROPRTY-AGRCULTURL COOP Synopsis of Bill as introduced: Amends the Uniform Disposition of Unclaimed Property Act. Provides that funds held or owing by certain agricultural cooperatives are presumed abandoned if any qualified notice of allocation, including capital stock issued as patronage distributions or to reflect membership in or other capital stock, capital stock credits issued, or dividends by an agricultural cooperative has remained unclaimed for more than 7 years. Provides that the unclaimed qualified notices of allocation, capital stock, capital stock credits, or dividends shall not be subject to, or governed by, any other provisions of the Uniform Disposition of Unclaimed Property Act, but rather shall be used by the agricultural cooperative for the general membership of the agricultural cooperative. FISCAL NOTE (Dept. of Agriculture) HB2315 will have no fiscal impact on the Dept. of Agriculture. HOUSE AMENDMENT NO. 1. Changes from 7 to 5 years the amount of time a qualified notice of allocation must remain unclaimed before the funds will be presumed abandoned. FISCAL NOTE, H-AM 1 (Dept. of Agriculture) HB 2315 will have no fiscal impact on this Dept. FISCAL NOTE, H-AM 1 (Dpt. of Financial Institutions) HB 2315 would have a minimal fiscal impact. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status