Unclaimed Capital Credits. The Cooperative may regularly impose a reasonable dormancy or service charge for each year a Patron or former Patron fails to claim Capital Credits retired and paid to the Patron or former Patron. Not withstanding the provisions of Minnesota Statutes §345.43 and any successor statute thereto, the Cooperative may, in lieu of paying or delivering to the Commissioner of Commerce the Unclaimed Capital Credits specified in its reports of unclaimed property, distribute the unclaimed property to the Brown County Rural Electric Trust or any successor thereto, meeting the specifications of Minnesota Statutes §345.43, subdivision 1.
Unclaimed Capital Credits. The Cooperative may regularly impose a reasonable dormancy or service charge for each year a Patron or former Patron fails to claim Capital Credits retired and paid to the Patron or former Patron. As allowed by Law, the Cooperative may retain Capital Credits retired and paid to a Patron or former Patron, but not claimed by the Patron or former Patron within a period of five (5) years of retirement and payment.
