Electric cooperatives heretofore incorporated under the former “Electric Cooperative Law” or hereafter incorporated under this chapter shall be organized and operated on a nonprofit basis and without pecuniary gain, and shall furnish their services on an area coverage basis at the lowest cost consistent with sound business principles.
Structure 2021 Tennessee Code
Title 65 - Public Utilities and Carriers
Chapter 25 - Rural Electric and Community Services Cooperatives
§ 65-25-102. Chapter Definitions
§ 65-25-103. Nonprofit Organization and Operation
§ 65-25-109. Election of Directors by Member Cooperatives
§ 65-25-111. Members — Qualifications — Meetings — Voting Rights — Terms and Conditions
§ 65-25-112. Refunds to Patrons
§ 65-25-115. Directors, Officers or Members May Take Acknowledgments
§ 65-25-119. Effect of Consolidation or Merger
§ 65-25-123. Exemption From Jurisdiction of Tennessee Public Utility Commission
§ 65-25-124. Securities Act Exemption
§ 65-25-126. Construction of Chapter
§ 65-25-129. Exemption for Utility Districts
§ 65-25-132. Joint Ventures Subject to Excise and Franchise Taxes
§ 65-25-133. Joint Ventures to Provide Alarm Services Not Authorized