A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a cooperative or its contracts with members and patrons must contain such provisions relating to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 25. Electric and Telephone Cooperative Act
Article 4. Miscellaneous Provisions.
Sec. 10.25.370. Filing of articles, certificates, and affidavits.
Sec. 10.25.375. Cancellation of certificates issued and filings accepted.
Sec. 10.25.380. Nonprofit operation.
Sec. 10.25.390. Disposition of property to secure indebtedness.
Sec. 10.25.400. Limitations on disposition of property.
Sec. 10.25.410. Nonliability of members for debts of cooperative.
Sec. 10.25.420. Effect of recordation of mortgages and other instruments.
Sec. 10.25.430. Validity of mortgage under Rural Electrification Act.
Sec. 10.25.440. Construction standards.
Sec. 10.25.450. Directors, officers, or members as notaries.
Sec. 10.25.460. Registered office and registered agent.
Sec. 10.25.470. Change of registered office or registered agent.
Sec. 10.25.480. Execution and filing of statement.
Sec. 10.25.490. Resignation of registered agent.
Sec. 10.25.500. Service on cooperative.
Sec. 10.25.510. Service on commissioner.
Sec. 10.25.520. Other means of service not affected.
Sec. 10.25.540. Business license and taxation of cooperatives.
Sec. 10.25.550. Amount of telephone cooperative gross revenue tax.
Sec. 10.25.555. Amount of electric cooperative tax.
Sec. 10.25.560. Manner of computing telephone cooperative gross revenue.
Sec. 10.25.570. Refund to local governments.
Sec. 10.25.580. Inventory and fixtures subject to taxation.
Sec. 10.25.590. Connection and interconnection of facilities.
Sec. 10.25.600. Correction of defectively organized cooperatives.