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Article 1. Substantive Provisions.
Sec. 10.25.010. Powers of electric or telephone cooperative; prohibited action. - (a) Except as provided in (b) of this section, an...
Sec. 10.25.020. Powers of electric cooperative. - An electric cooperative may (1) generate, manufacture, purchase, acquire, accumulate,...
Sec. 10.25.030. Powers of telephone cooperative. - (a) A telephone cooperative may (1) furnish, improve, and expand...
Sec. 10.25.040. Name. - (a) The name of a cooperative must include the words...
Sec. 10.25.050. Incorporators. - Five or more persons, including cooperatives, may organize a cooperative.
Sec. 10.25.060. Articles of incorporation. - (a) The articles of incorporation of a cooperative must recite...
Sec. 10.25.070. Bylaws. - The board of directors shall adopt the first bylaws of...
Sec. 10.25.080. Membership. - (a) Each incorporator of a cooperative shall be a member...
Sec. 10.25.090. Meetings of members and district delegates. - (a) An annual meeting of the members of a cooperative...
Sec. 10.25.100. Notice of meetings. - Except as otherwise provided in this chapter or the articles...
Sec. 10.25.110. Quorum requirements. - (a) Unless the bylaws prescribe the presence of a greater...
Sec. 10.25.120. Voting. - Each member is entitled to one vote on each matter...
Sec. 10.25.125. Record date. - To determine the members entitled to notice of a meeting...
Sec. 10.25.130. Waiver of notice. - A person entitled to notice of a meeting may waive...
Sec. 10.25.140. Board of directors. - The business of a cooperative shall be managed by a...
Sec. 10.25.145. Liability, indemnification, and insurance. - (a) A protected person is not individually liable for conduct...
Sec. 10.25.150. Term of office of directors. - The directors of a cooperative named in articles of incorporation,...
Sec. 10.25.160. Staggered terms of office for directors. - Instead of electing all directors annually, the bylaws may provide...
Sec. 10.25.170. Quorum of board. - A majority of the board of directors constitutes a quorum.
Sec. 10.25.175. Board meetings open; exceptions; notice; remedy. - (a) A meeting of the board of directors may be...
Sec. 10.25.180. General powers of board. - The board of directors may exercise all of the powers...
Sec. 10.25.190. Districts. - The bylaws may provide for the division of the territory...
Sec. 10.25.200. Officers, agents, and employees. - The officers of a cooperative are those officers authorized by...
Sec. 10.25.210. Amendment of articles of incorporation. - A cooperative may amend its articles of incorporation as follows,...
Sec. 10.25.220. Contents of articles of amendment. - (a) The articles of amendment must recite that they are...
Sec. 10.25.230. Change of location of principal office. - A cooperative may, upon authorization of its board of directors...
Sec. 10.25.235. Member's right to examine books and records. - A member of a cooperative may, at a reasonable time...
Article 2. Merger, Consolidation, and Conversion.
Sec. 10.25.240. Merger. - (a) Except as provided in (b) of this section, one...
Sec. 10.25.250. Contents of articles of merger. - (a) The articles of merger must recite that they are...
Sec. 10.25.260. Consolidation. - Two or more cooperatives, designated in this section as “consolidating...
Sec. 10.25.270. Contents of articles of consolidation. - (a) The articles of consolidation must recite that they are...
Sec. 10.25.280. Effect of consolidation or merger. - (a) In the case of a consolidation the existence of...
Sec. 10.25.290. Conversion of existing corporation. - (a) A corporation organized under the laws of the state...
Sec. 10.25.300. Articles of conversion: contents and use as articles of incorporation. - (a) The articles of conversion must recite that they are...
Article 3. Dissolution.
Sec. 10.25.310. Dissolution of cooperative that has not commenced business. - A cooperative that has not commenced business may be dissolved...
Sec. 10.25.320. Dissolution of cooperative that has commenced business. - (a) A cooperative that has commenced business may be dissolved...
Sec. 10.25.330. Effect of filing certificate of dissolution and affidavit; corporate existence; involuntary dissolution. - (a) Upon the filing of the certificate and affidavit by...
Sec. 10.25.340. Notice to creditors and claimants. - The board of directors shall immediately have a notice of...
Sec. 10.25.350. Termination of cooperative affairs. - The board of directors shall wind up and settle the...
Sec. 10.25.360. Contents of articles of dissolution. - (a) The articles of dissolution must recite that they are...
Article 4. Miscellaneous Provisions.
Sec. 10.25.370. Filing of articles, certificates, and affidavits. - Articles of incorporation, amendment, consolidation, merger, conversion, or dissolution, when...
Sec. 10.25.375. Cancellation of certificates issued and filings accepted. - The commissioner may, within one year after a filing, and...
Sec. 10.25.380. Nonprofit operation. - A cooperative shall be operated on a nonprofit basis for...
Sec. 10.25.390. Disposition of property to secure indebtedness. - The board of directors of a cooperative may, without authorization...
Sec. 10.25.400. Limitations on disposition of property. - (a) A cooperative may not otherwise sell, lease, or dispose...
Sec. 10.25.410. Nonliability of members for debts of cooperative. - A member is not liable or responsible for any debts...
Sec. 10.25.420. Effect of recordation of mortgages and other instruments. - A mortgage, deed of trust, or other instrument executed by...
Sec. 10.25.430. Validity of mortgage under Rural Electrification Act. - A mortgage made by a cooperative organized under this chapter...
Sec. 10.25.440. Construction standards. - Construction of electric lines and facilities, or telephone lines and...
Sec. 10.25.450. Directors, officers, or members as notaries. - A person authorized to take acknowledgments under the laws of...
Sec. 10.25.460. Registered office and registered agent. - Each cooperative shall have and continuously maintain in the state...
Sec. 10.25.470. Change of registered office or registered agent. - A cooperative may change its registered office or change its...
Sec. 10.25.480. Execution and filing of statement. - The statement of change of office or agent shall be...
Sec. 10.25.490. Resignation of registered agent. - A registered agent of a cooperative may resign by filing...
Sec. 10.25.500. Service on cooperative. - (a) The registered agent of a cooperative is an agent...
Sec. 10.25.510. Service on commissioner. - (a) Service on the commissioner is made by delivering to...
Sec. 10.25.520. Other means of service not affected. - Nothing in AS 10.25.500 and 10.25.510 limits or affects the...
Sec. 10.25.530. Fees. - (a) The commissioner shall establish by regulation and charge and...
Sec. 10.25.540. Business license and taxation of cooperatives. - (a) Cooperatives under this chapter shall apply for a business...
Sec. 10.25.550. Amount of telephone cooperative gross revenue tax. - The telephone cooperative gross revenue tax shall be computed as...
Sec. 10.25.555. Amount of electric cooperative tax. - (a) The electric cooperative tax shall be computed as follows:...
Sec. 10.25.560. Manner of computing telephone cooperative gross revenue. - Gross revenue of a telephone cooperative includes all revenue earned...
Sec. 10.25.570. Refund to local governments. - The proceeds of the telephone cooperative gross revenue tax and...
Sec. 10.25.580. Inventory and fixtures subject to taxation. - The inventory and fixtures of a business operated by a...
Sec. 10.25.590. Connection and interconnection of facilities. - A telephone cooperative organized or doing business under this chapter,...
Sec. 10.25.600. Correction of defectively organized cooperatives. - If a cooperative has filed defective articles of incorporation, or...
Article 5. General Provisions.
Sec. 10.25.810. Purpose. - Cooperative, nonprofit, membership corporations may be organized under this chapter...
Sec. 10.25.820. Chapter extended to existing cooperatives. - This chapter applies to all nonprofit cooperatives organized under any...
Sec. 10.25.830. Construction of chapter. - This chapter is complete in itself and is controlling. The...
Sec. 10.25.840. Definitions. - In this chapter, (1) “commissioner” means the commissioner of commerce,...
Sec. 10.25.850. Short title. - This chapter may be cited as the Electric and Telephone...