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
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Current Bill Summary

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.