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Subcommittee clarifies treatment of cooperative patronage capital in probate code
Summary
House Bill 3,914 received a favorable report from the Domestic Relations Business and Probate Law Subcommittee after members agreed to amend the South Carolina Probate Code so patronage capital accounts at electric and telephone cooperatives are treated as accounts for probate purposes.
The Domestic Relations Business and Probate Law Subcommittee on Thursday gave House Bill 3,914 a favorable report clarifying how patronage capital accounts at electric and telephone cooperatives are handled under the South Carolina Probate Code.
The bill expands the probate definition of “account” to include patronage capital accounts — the…
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