United States — Arizona
ARS § 10-2131
1 provisions
The board of directors elects the cooperative’s officers annually, and the bylaws can change who may serve and how officers are removed or replaced.
Act or statute Open & Chat
United States — Arizona Statutes
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United States — Arizona
ARS § 10-2132
1 provisions
The board must adopt the first bylaws after formation-related events, and later bylaws can be adopted, amended, or repealed by the board or by a majority of members through delegates at a meeting with a quorum.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2133
1 provisions
A generation and transmission cooperative must operate on a nonprofit basis for the benefit of its members and patrons.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2134
1 provisions
The board may authorize mortgages or deeds of trust for a generation and transmission cooperative’s property to secure debt, and those instruments are exempt from the mortgage recording tax. The cooperative may not sell, lease, or otherwise dispose of all or a substantial portion of its property unless a majority of me
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2135
1 provisions
Recording a qualifying mortgage, deed of trust, or similar instrument by a generation and transmission cooperative gives it legal effect and notice status, and the lien can attach to after-acquired property when the cooperative acquires it.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2136
1 provisions
A generation and transmission cooperative is expressly allowed to use public highways, county highways, streets, and alleys in the state, and may build and operate lines connecting points within the state. Local authorities may regulate use of roads and streets through franchises or licenses, and a public notice and pr
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2138
1 provisions
A covered generation and transmission cooperative may not supply electric generation service in certain certificated service territories unless it has the corporation’s consent.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2139
1 provisions
A domestic nonprofit electric generation and transmission cooperative corporation may take part in, or carry out, a merger, interest exchange, conversion, domestication, or division if it complies with the cited chapters. Some transactions need approval by two-thirds of the members, and if a new corporation is created,
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2141
1 provisions
A qualifying cooperative may be converted into a generation and transmission cooperative if its board adopts a resolution and submits it to the corporation commission.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2143
1 provisions
This section lets a generation and transmission cooperative dissolve voluntarily, either before business starts by filing articles of dissolution or after business starts by member approval, then follow winding-up and filing steps.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2144
1 provisions
A cooperative must deliver certain executed articles to the corporation commission for filing, and the commission must file them if they meet the article’s requirements and the required fees are paid.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2145
1 provisions
The corporation commission must charge and collect the listed nonrefundable filing fees.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2146
1 provisions
Title 44, chapter 12 does not apply to certain debt instruments and related security documents issued by a generation and transmission cooperative, or to membership certificates or other evidence of member interest issued by such a cooperative.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2147
1 provisions
Certain approved conduct or activity of a generation and transmission cooperative organized under this article is exempt from title 44, chapter 10, article 1.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2148
1 provisions
A person authorized to take acknowledgments is not disqualified from acknowledging instruments involving a generation and transmission cooperative just because the person is an officer, director, or member of that cooperative.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2149
1 provisions
A foreign generation and transmission cooperative gets the same rights, exemptions, privileges, and immunities as a generation and transmission cooperative under this article, except it does not have to comply with section 10-2124. A foreign distributive cooperative may become a member of a generation and transmission
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2150
1 provisions
Nonprofit electric generation and transmission cooperative corporations must deliver an annual report to the commission for filing, as required by section 10-11622.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2151
1 provisions
If a cooperative expands an easement or similar property right for broadband service and the property value drops, the property owner can seek just compensation, but must file in superior court within 18 months after notice.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2152
1 provisions
This section applies annual assessments to a regulated generation and transmission cooperative, but excludes certain gross intrastate revenues from sales to another qualifying cooperative electric utility.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2201
1 provisions
This section defines key terms used in the chapter, including disqualified person, foreign professional corporation, license, licensing authority, professional corporation, professional service, qualified person, and voting shares.
Act or statute Open & Chat