Capital credits will remain in the name(s) of the original member(s) until Clark County REMC is notified by a spouse, relative, or other legal representative that the account may be re-assigned to another person or transferred to an estate.
Documentation will be required for Clark County REMC to complete a request for capital credits to be re-assigned from the original member(s):
- In the case of a member who is deceased:
- An Agent Appointment Form completed in front of a notary and returned to the office. (provided by the cooperative).
- Photo ID of the representative (to include driver’s license, passport, or other gov’t issued ID).
- For a member who is not deceased but needs personal appointment or representative:
- Guardianship papers
- Certified Power of Attorney papers
- Photo ID of the representative (to include driver’s license, passport, or other gov’t issued ID).
In the case of dissolution of marriage:
- The Cooperative must receive appropriate legal documentation as proof of the dissolution of marriage between spouses in order to make any changes in the ownership of the capital credits
- Otherwise, if the capital credits were associated with a joint membership, they will remain in both members’ names
- If the capital credits were associated with a single membership, the capital credits will remain in the original member’s name