Amends South Carolina's definition of "account" to include patronage capital accounts of electric and telephone cooperatives.

The bill amends the South Carolina Code of Laws by modifying the definition of "account" to include patronage capital accounts of electric cooperatives and telephone cooperatives. This change aligns the definition with Sections 33-49-460 and 33-46-460, which pertain to these cooperatives. The amendment takes effect on July 1, 2025.

Amends South Carolina's definition of "account" to include patronage capital accounts of electric and telephone cooperatives.

The bill amends the South Carolina Code of Laws by modifying the definition of "account" to include patronage capital accounts of electric cooperatives and telephone cooperatives. This change aligns the definition with Sections 33-49-460 and 33-46-460, which pertain to these cooperatives. The amendment takes effect on July 1, 2025.