17-4658. Members.
17-4658
17-4658. Members.
Each incorporator of a cooperative shall be a member thereof. No
person shall become a member of the cooperative unless such person operates
generation facilities which use renewable resources and have a capacity of at
least 100 kilowatts and agrees to generate electricity using such facilities
and: (a) Transmit and sell at wholesale through the cooperative any such
electricity in excess of that used by the person; (b) sell through the
cooperative renewable attributes; or (c) both. Any member of a cooperative
who so agrees shall cease to be a member of the cooperative if such member does
not comply with the terms of the agreement within two years after such person
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. 2003, ch. 81, § 8; July 1.