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Arizona Arizona Revised Statutes

§ 10-2133 — Nonprofit operation

ARS § 10-2133Title 10. Corporations and Associations · Ch. 19. NOT FOR PROFIT CORPORATIONS AND ASSOCIATIONS, COOPERATIVES AND FRATERNAL AND BENEVOLENT SOCIETIES · Art. 4. Nonprofit Electric Generation and Transmission Cooperative Corporations

Statute text

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10-2133. Nonprofit operation A generation and transmission cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a generation and transmission cooperative or its contracts with consumers shall contain such provisions relative to the disposition of revenues and receipts as are necessary and appropriate to establish and maintain its nonprofit and cooperative character.

Source: Arizona Arizona Revised Statutes § 10-2133 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.