56-501.1 - Payment of certain patronage capital to spouse or next of kin of deceased person.
§ 56-501.1. Payment of certain patronage capital to spouse or next of kin ofdeceased person.
When there is held by any telephone cooperative, engaged in the business offurnishing telephone service, any patronage capital to the credit of adeceased person, in an amount not exceeding $500, upon whose estate thereshall have been no qualification, it shall be lawful for such telephonecooperative, after 120 days from the death of such person, to pay suchbalance to his or her spouse, and if none, to his or her next of kin, whosereceipt therefor shall be a full discharge and acquittance to such telephonecooperative to all persons whomsoever on account of such patronage capital.
(1979, c. 442.)