Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 19. CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT |
Article 2. Electric Cooperative Nonprofit Membership Corporations |
Sec 10-2060. Members in cooperative
Latest version.
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Each incorporator of a cooperative shall be a member of the cooperative, but no other person may become a member unless the person agrees to use electric energy or other services furnished by the cooperative as the cooperative establishes in its bylaws. A husband and wife may hold a joint membership in a cooperative. Membership in a cooperative is not transferable, except as provided in the bylaws. The bylaws may prescribe additional qualifications, limitations, classifications and rights concerning membership.