# Maryland SB 0561: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits

Maryland SB 0561, Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits, is a 2025 Regular Session Senate bill sponsored by Stephen S. Hershey (Republican); status signed, last action 2025-04-22 (Approved by the Governor - Chapter 213) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/MD-SB0561-2025RS
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0561
- State: Maryland
- Session: 2025 Regular Session
- Title: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-24
- Last action: 2025-04-22, Approved by the Governor - Chapter 213
- Sponsor: Stephen S. Hershey (Republican)
- Cosponsors: 1
- Subjects: Corporations and Associations, Utility Regulation, Associations -see also- Cooperative Associations, Banks and Trust Companies, Cooperative Associations, Corporations -see also- Municipal Corps; Public Corps & Inst, Financial Institutions -see also- Banks; Credit Unions; etc., Gifts, Nonprofit Organizations, Time, Utilities -see also- Recycl; Refuse; Sewage; Teleph; Water
- Touches household money: no
- Roll calls: 3 (231 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Electric cooperatives can reuse unclaimed member credits: benefit, low. Beginning October 1, 2025, Maryland electric cooperatives can keep qualifying unclaimed credits instead of transferring them to the state. These are former members’ shares of surplus money, unclaimed for at least five years after being retired for payment. Cooperatives can use this money only for m…

## Sponsors and cosponsors

- Sponsor: Stephen S. Hershey (Republican), Senate
- Cosponsor: Johnny Mautz (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-07 | House | Third Reading Passed | pass | 139 | 0 | 1 |
| 2025-04-07 | Senate | Third Reading Passed | pass | 47 | 0 |   |
| 2025-02-13 | Senate | Third Reading Passed | pass | 45 | 0 | 1 |

## Actions (17)

- 2025-04-22: Approved by the Governor - Chapter 213
- 2025-04-07: Passed Enrolled (Senate)
- 2025-04-07: Third Reading Passed (47-0) (Senate)
- 2025-04-07: Senate Concurs House Amendments (Senate)
- 2025-04-07: Third Reading Passed (139-0) (House)
- 2025-04-05: Second Reading Passed with Amendments (House)
- 2025-04-05: Favorable with Amendments {803124/1 Adopted (House)
- 2025-04-05: Favorable with Amendments Report by Economic Matters (House)
- 2025-02-14: Referred Economic Matters (House)
- 2025-02-13: Third Reading Passed (45-0) (Senate)
- 2025-02-11: Second Reading Passed (Senate)
- 2025-02-11: Favorable Adopted (Senate)
- 2025-02-10: Favorable Report by Judicial Proceedings (Senate)
- 2025-01-28: Hearing 1/31 at 10:00 a.m. (Senate)
- 2025-01-28: Hearing canceled (Senate)
- 2025-01-27: Hearing 1/31 at 11:00 a.m. (Senate)
- 2025-01-24: First Reading Judicial Proceedings (Senate)

## Bill text

- Enacted, 2025-04-22: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_213_sb0561e.pdf)
- Enrolled, 2025-04-07: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561e.pdf)
- Third Reading, 2025-02-11: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561t.pdf)
- First Reading, 2025-01-24: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561f.pdf)

## Related bills

- SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed)
- HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed)
- HB 0384: Maryland Disability Service Animal Program - Established (vetoed)
- SB 0157: Maryland Disability Service Animal Program - Established (vetoed)
- HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law)
- HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_213_sb0561e.pdf)
- [Enrolled (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561e.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0561f.pdf)

## Related
- [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS)
- [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS)
- [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS)
- [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS)
- [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS)
- [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MD-SB0561-2025RS (as of 2026-10-17).