17-4609. Members.
17-4609
17-4609. Members.
Each incorporator of a cooperative shall be a member thereof, but no
other person may become a member thereof unless such other person agrees to
use electric energy or other services furnished by the cooperative when
they are made available through its facilities. Any member of a
cooperative who agrees to use electric energy shall cease to be a member
if he does not use electric energy supplied by the cooperative within six
months after it is made available to him or if electric energy is not made
available to him by the cooperative within two years after he becomes a
member, or such lesser period as the bylaws of the cooperative may
provide. A husband and wife may hold a joint membership in a cooperative.
Membership in a cooperative shall not be transferable, except as provided
in the bylaws. The bylaws may prescribe additional qualifications and
limitations in respect of membership.
History: L. 1941, ch. 185, § 9; June 30.