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OH SB157

Bill

Official Source

Status

Introduced

7/30/2009

Primary Sponsor

Thomas Patton

Click for details

Origin

Senate

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 lawsuits
  • Applies to class actions with settlements or judgments awarding compensatory damages, punitive damages, restitution, or other monetary payments to class members
  • Requires all unpaid moneys remaining after distributing awards to class members be used for charitable public purposes, unless a court order provides otherwise
  • Mandates unpaid funds be distributed to charities, nonprofit organizations, and charitable programs selected in the action and approved by the court

Legislative Description

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

Awards in class actions-not paid over to class-specify how to be used

Last Action

To Insurance, Commerce, & Labor

7/30/2009

Full Bill Text

No bill text available