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MarylandHB 02272025 Regular SessionHouse

Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits

Sponsored By: Christopher T. Adams (Republican)

Signed by Governor

Corporations and AssociationsUtility RegulationAssociations -see also- Cooperative AssociationsBanks and Trust CompaniesCooperative AssociationsCorporations -see also- Municipal Corps; Public Corps & InstFinancial Institutions -see also- Banks; Credit Unions; etc.GiftsNonprofit OrganizationsTimeUtilities -see also- Recycl; Refuse; Sewage; Teleph; Water

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Former electric cooperative members keep refund rights

Beginning October 1, 2025, Maryland sets new rules for electric cooperatives’ retired capital credits owed to former members. These credits represent members’ shares of money collected above the cooperative’s operating costs. Credits left unclaimed for at least five years after retirement are not treated as abandoned property. Cooperatives may use them only to help members under their legal powers or donate to board-approved nonprofit charities. Former members can still claim the credits, and the cooperative must refund them when they apply.

Sponsors & Cosponsors

Sponsor

  • Christopher T. Adams

    Republican • House

Cosponsors

  • Brian M. Crosby

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 183 • No: 0

Senate vote • 4/2/2025

Third Reading Passed

Yes: 46 • No: 0 • Other: 1

House vote • 2/13/2025

Third Reading Passed

Yes: 137 • No: 0

Actions Timeline

  1. Approved by the Governor - Chapter 212

    4/22/2025

  2. Returned Passed

    4/2/2025House

  3. Third Reading Passed (46-0)

    4/2/2025Senate

  4. Favorable Adopted Second Reading Passed

    3/27/2025Senate

  5. Favorable Report by Judicial Proceedings

    3/27/2025Senate

  6. Referred Judicial Proceedings

    2/14/2025Senate

  7. Third Reading Passed (137-0)

    2/13/2025House

  8. Favorable Adopted Second Reading Passed

    2/11/2025House

  9. Favorable Report by Economic Matters

    2/10/2025House

  10. Hearing 1/21 at 1:00 p.m.

    1/8/2025House

  11. First Reading Economic Matters

    1/8/2025House

  12. Pre-filed

    10/1/2024House

Bill Text

  • Enacted

    4/22/2025

    PDF

  • Third Reading

    2/11/2025

    PDF

  • First Reading

    1/8/2025

    PDF

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