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OH HB427

Bill

Official Source

Status

Introduced

1/28/2010

Primary Sponsor

Edna Brown

Click for details

Origin

House of Representatives

128th General Assembly (2009-2010)

AI Summary

  • Enacts section 2315.50 of the Revised Code to establish policy for unpaid monetary awards in class action settlements and judgments
  • Declares that all unpaid moneys remaining after distribution to class members shall be used for charitable public purposes, unless a court order specifies otherwise
  • Requires unpaid funds to be distributed to charities, nonprofit organizations, and charitable programs selected in the action and approved by the court
  • Restricts recipient organizations to those exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code

Legislative Description

To declare how monetary awards in class actions that are not paid over to members of the class are to be used.

Class action awards-not paid over to class- declare how to be used

Last Action

To Civil & Commercial Law

1/28/2010

Full Bill Text

No bill text available