Bill Title: To declare how monetary awards in class actions that are not paid over to members of the class are to be used.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2009-07-30 - To Insurance, Commerce, & Labor
[SB157 Detail]Download: Ohio-2009-SB157-Introduced.html
As Introduced
| 128th General Assembly | | Regular Session | | 2009-2010 |
| |
Cosponsor:
Senator Patton
A BILL
| To enact section 2315.50 of the Revised Code to | 1 |
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declare how monetary awards in class actions that | 2 |
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are not paid over to members of the class are to | 3 |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
| Section 1. That section 2315.50 of the Revised Code be | 5 |
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enacted to read as follows: | 6 |
| Sec. 2315.50. (A) This section applies to an action | 7 |
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maintained as a class action in which the settlement agreement or | 8 |
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judgment includes a monetary award, including compensatory or | 9 |
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punitive and exemplary damages, restitution, or any other payment | 10 |
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of money due from each defendant to the members of the class. | 11 |
| (B) It is the policy of this state, insofar as it is not | 12 |
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inconsistent with federal law, that, except as otherwise provided | 13 |
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by court order, all unpaid moneys remaining
after the | 14 |
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distribution to the members of the class of monetary
awards in | 15 |
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class actions described in division (A) of this section
shall be | 16 |
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used for charitable public purposes. All of those unpaid moneys | 17 |
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shall
be distributed to charities, nonprofit organizations, and | 18 |
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charitable programs selected in the action and approved by the | 19 |
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court. | 20 |
