Section 394.160 – Rules and regulations prescribed by public service commission — limitation on jurisdiction of commission.
Effective – 28 Aug 1979 394.160. Rules and regulations prescribed by public service commission — limitation on jurisdiction of commission. — 1. Every cooperative constructing, maintaining and operating its electric transmission or distribution lines shall construct, maintain and operate such lines in conformity with the rules and regulations relating to the manner and methods of […]
Section 394.170 – Revenues of cooperative — disposition.
Effective – 28 Aug 1939 394.170. Revenues of cooperative — disposition. — 1. Revenues of a cooperative for any fiscal year in excess of the amount thereof necessary: (1) To defray expenses of the cooperative and of the operation and maintenance of its facilities during such fiscal year; (2) To pay interest and principal obligations […]
Section 394.180 – Sale of property by cooperative — membership approval required.
Effective – 28 Aug 1971 394.180. Sale of property by cooperative — membership approval required. — 1. A cooperative may not sell, lease or otherwise dispose of, except by mortgage, or deeds of trust, all or any substantial portion of its property unless such sale, lease, or other disposition is authorized at a duly held […]
Section 394.190 – Effect of mortgage or deed of trust executed by cooperative.
Effective – 28 Aug 1939 394.190. Effect of mortgage or deed of trust executed by cooperative. — Any mortgage, deed of trust, or other instrument executed by a cooperative or foreign corporation transacting business in this state pursuant to this chapter, which, by its terms, creates a lien upon real and personal property then owned […]
Section 394.010 – Designation of chapter.
Effective – 28 Aug 1939 394.010. Designation of chapter. — This chapter may be cited as “The Rural Electric Cooperative Law”. ——– (RSMo 1939 § 5386)
Section 394.020 – Definitions.
Effective – 28 Aug 2021, 2 histories 394.020. Definitions. — In this chapter, unless the context otherwise requires, (1) “Member” means each incorporator of a cooperative and each person admitted to and retaining membership therein, and shall include a husband and wife admitted to joint membership; (2) “Person” includes any natural person, firm, association, corporation, […]
Section 394.030 – Formation of cooperative corporations authorized.
Effective – 28 Aug 1939 394.030. Formation of cooperative corporations authorized. — Cooperative, nonprofit, membership corporations may be organized under this chapter for the purpose of supplying electric energy and promoting and extending the use thereof in rural areas. Corporations organized under this chapter and corporations which become subject to this chapter in the manner […]
Section 394.040 – Who may organize.
Effective – 28 Aug 1939 394.040. Who may organize. — Five or more persons may organize a cooperative in the manner herein provided. ——– (RSMo 1939 § 5391)
Section 394.050 – Articles of incorporation — where filed.
Effective – 28 Aug 1983 394.050. Articles of incorporation — where filed. — 1. The articles of incorporation of a cooperative shall recite in the caption that they are executed pursuant to this chapter, shall be signed and acknowledged in duplicate by at least five of the incorporators and shall state: (1) The name of […]
Section 394.060 – Name of cooperative shall include what.
Effective – 28 Aug 1939 394.060. Name of cooperative shall include what. — The name of each cooperative shall include the words “electric” and “cooperative”. The name of a cooperative shall distinguish it from the name of any other corporation organized under the laws of, or authorized to transact business in, this state. The words […]