Section 421C-42 - Disposition of non-escheat patronage refunds(a) An electric utility cooperative association shall transfer all non-escheat patronage refunds to a nonprofit corporation incorporated pursuant to chapter 414D.(b) The nonprofit corporation to which non-escheat patronage refunds are transferred pursuant to subsection (a) shall use the non-escheat patronage refunds to:(1) Fund electric energy assistance programs for low-income persons who reside in the service area of the electric utility cooperative association;(2) Make donations to other nonprofit charitable and community organizations, as authorized by its board of directors;(3) Grant educational scholarships to individuals who reside in the service area of the electric utility cooperative association; or(4) Support other appropriate uses for the benefit of the general membership of the electric utility cooperative association, as may be authorized by its board of directors. L 2005, c 52 , pt of §1 .