HB 1544 - 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.

This act is similar to SB 836 (2000).
STEPHEN WITTE