64 – Construction Standards.
§ 64. Construction standards. Construction of electric lines by a cooperative shall, as a minimum requirement, comply with the standards of the national electric safety code in effect at the time of such construction.
65 – Directors, Officers or Members as Notaries.
§ 65. Directors, officers or members as notaries. No person who is authorized to take acknowledgments under the laws of this state shall be disqualified from taking acknowledgments of instruments executed in favor of a cooperative or to which it is a party, by reason of being an officer, director or member of such cooperative.
66 – License Fee in Lieu of All Franchise, Excise, Income, Corporation and Sales and Compensating Use Taxes.
§ 66. License fee in lieu of all franchise, excise, income, corporation and sales and compensating use taxes. Each cooperative and foreign corporation doing business in this state pursuant to this chapter shall pay annually, on or before the first day of July, to the state tax commission, a fee of ten dollars, but shall […]
67 – Exemption From Jurisdiction of Public Service Commission and From the Provisions of the Public Service Law.
§ 67. Exemption from jurisdiction of public service commission and from the provisions of the public service law. Cooperatives and foreign corporations doing business in this state pursuant to this chapter shall be exempt in all respects from the jurisdiction and control of the public service commission of this state and shall not be subject […]
33 – Merger.
§ 33. Merger. Any one or more cooperatives (each of which is hereinafter designated a “merging cooperative”) may merge into another cooperative (hereinafter designated the “surviving cooperative”), by complying with the following requirements: (a) The proposition for the merger of the merging cooperatives into the surviving cooperative and proposed articles of merger to give effect […]
34 – Effect of Consolidation or Merger.
§ 34. Effect of consolidation or merger. (a) In the case of a consolidation the existence of the consolidating cooperatives shall cease and the articles of consolidation shall be deemed to be articles of incorporation of the new cooperative; and in the case of a merger the separate existence of the merging cooperatives shall cease […]
35 – Dissolution.
§ 35. Dissolution. (a) A cooperative which has not commenced business may be dissolved by filing in the department of state articles of dissolution which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and which shall state: (1) the name of the cooperative; (2) the address of […]
40 – Conversion of Existing Domestic Corporations.
§ 40. Conversion of existing domestic corporations. Any corporation organized under the laws of this state and supplying or authorized to supply electric energy may be converted into a cooperative by complying with the following requirements and shall thereupon become subject to this chapter with the same effect as if originally organized under this chapter: […]
41 – Foreign Corporations.
§ 41. Foreign corporations. Any foreign non-profit or cooperative corporation supplying or authorized to supply electric energy and owning or operating electric transmission or distribution lines in an adjacent state may construct or acquire extensions of such lines in this state within an area no point of which is more than ten miles from the […]
28 – Other Provisions Affecting Indemnification of Directors and Officers.
§ 28. Other provisions affecting indemnification of directors and officers. (a) All expenses incurred in defending a civil or criminal action or proceeding which are advanced by the corporation under subdivision (c) of section twenty-six of this article or allowed by a court under subdivision (c) of section twenty-seven of this article shall be repaid […]