10-2131

10-2131. Officers of a generation and
transmission cooperative

The officers of a generation and transmission cooperative consist of a president,
vice-president, secretary and treasurer, who are elected annually by and from the board
of directors. If stated in the bylaws, the officers of the cooperative do not need to be
members of the board of directors. Unless the bylaws provide otherwise, if a person
holding any office ceases to be a director, the person ceases to hold the office. The
offices of secretary and treasurer may be held by the same person. The board of
directors may also elect or appoint such other officers, agents or employees it deems
necessary or advisable and shall prescribe their powers and duties. An officer may be
removed from office and the officer's successor may be elected in the manner prescribed
in the bylaws.