Missouri HB2298 removes the exemption for electric cooperatives in eminent domain proceedings.
Missouri HB2298 amends eminent domain proceedings by removing the exemption for electric cooperatives. This bill ensures that electric cooperatives must now provide just compensation equivalent to fair market value multiplied by one hundred fifty percent for condemned property. The compensation is determined under one of three subdivisions, whichever yields the highest amount applicable to the property and taking. This change affects electric cooperatives and property owners involved in eminent domain proceedings.
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