Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee clarifies treatment of cooperative patronage capital in probate code
Summary
The Domestic Relations Business and Probate Law Subcommittee gave House Bill 3,914 a favorable report to amend the South Carolina Probate Code to include patronage capital accounts held by electric and telephone cooperative members within the statutory definition of an "account."
The Domestic Relations Business and Probate Law Subcommittee gave House Bill 3,914 a favorable report after brief discussion. The bill would amend the South Carolina Probate Code to include patronage capital accounts held by members of electric and telephone cooperatives within the statutory definition of an "account" for probate purposes, clarifying how those funds pass on a member's death.
Patronage capital accounts reflect a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
