|SB 0836||Clarifies a not-for-profit statute that limits corporate distributions|
|LR Number:||3799S.01P||Fiscal Note:||3799-01|
|Committee:||Insurance and Housing|
|Last Action:||04/06/00 - Voted Do Pass H Civil & Administrative Law||Journal page:|
|Effective Date:||August 28, 2000|
SB 836 - This act clarifies a not-for-profit statute that
limits corporate distributions. The current statute does not
reference public corporations formed for self-insurance purposes.
The provisions for those corporations are found in sovereign
immunity statutes and do allow for certain distributions. This
act would clarify that not-for-profit insurance companies
established by political subdivisions may make distributions in
conformity with Sections 537.020 and 537.635, RSMo.