Two or more electric utilities or persons that fulfill the requirements for being a member may organize a generation and transmission cooperative as provided in this article.

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Terms Used In Arizona Laws 10-2123

  • Generation and transmission cooperative: means a corporation that is organized under this article or that becomes subject to this article as provided in this article. See Arizona Laws 10-2121
  • Member: means , without regard to what a person is called in the articles of incorporation or bylaws, any person or persons who, pursuant to a provision of a corporation's articles of incorporation or bylaws, have the right to vote for the election of a director or directors. See Arizona Laws 10-3140