17-4658.   Members.Each incorporator of a cooperative shall be a member thereof. Noperson shall become a member of the cooperative unless such person operatesgeneration facilities which use renewable resources and have a capacity of atleast 100 kilowatts and agrees to generate electricity using such facilitiesand: (a) Transmit and sell at wholesale through the cooperative any suchelectricity in excess of that used by the person; (b) sell through thecooperative renewable attributes; or (c) both. Any member of a cooperativewho so agrees shall cease to be a member of the cooperative if such member doesnot comply with the terms of the agreement within two years after such personbecomes a member, or such lesser period as the bylaws of the cooperative mayprovide. A husband and wife may hold a joint membership in a cooperative.Membership in a cooperative shall not be transferable, except as provided inthe bylaws. The bylaws may prescribe additional qualifications and limitationsin respect of membership.

      History:   L. 2003, ch. 81, § 8; July 1.