8/15/2023 0 Comments Sawnee emc bill balancingSEMC Bylaws (PDF) – The current Bylaws of the Corporation can be found here. Standard Claim Form (PDF) – This form is to be used by former members of Sawnee EMC to request consideration for previous unclaimed or otherwise abandoned patronage capital.Įstates of Deceased Member Application Form (PDF) – This petition is to be used by the executor (or administrator) of an estate of a deceased member of Sawnee EMC to request a distribution of that member’s patronage capital, on a discounted basis. Patronage Capital Frequently Asked Questions (FAQs)(PDF) SEMC Policy 303, Retirement of Capital Credits to Estates of Deceased Members on a Discounted Basis, shown below, provides additional information about this process. Upon receipt of the necessary documents, SEMC’s Board of Directors will consider the request for an early retirement, on a discounted basis, of a deceased former member’s patronage capital account. Listed below is a hyperlink to the petition form to be completed and submitted to the staff of Sawnee EMC for a deceased member's patronage capital refund. Executors are not required to take this action, and the decision to petition the Corporation for this type of refund is solely at the discretion of the executor of the former member’s estate. ![]() ![]() This aspect of patronage capital retirement "only" applies to the estates of deceased members of Sawnee EMC.Įxecutors (and administrators) of an estate of a deceased Sawnee EMC member may voluntarily petition the Board of Directors of the Corporation to settle (close out) that member’s patronage capital account early instead of waiting on a Board approved general retirement to occur. ![]() These occur at the request of an executor of a deceased member's estate, and are accomplished by a petition from the executor requesting that the retirement occur. The Bylaws and Policies of Sawnee EMC provide that the Board of Directors of the Corporation may consider and retire, on a discounted basis, patronage capital to the estates of deceased members.
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