The name of each cooperative primarily engaged in the distribution of electricity or other services shall include the word "cooperative"; and the name of each cooperative primarily engaged in generating or transmitting electricity for delivery to an electric distributor shall include at least one of the words "electric", "power" or "cooperative"; provided, that such limitation shall not apply if, in an affidavit made by the president or vice president of a cooperative on file with the Secretary of State, it shall appear that the cooperative desires to transact business in another state and is precluded therefrom by reason of its name; and provided further, that any corporation heretofore or hereafter organized under Chapter 7 of this title, which may be converted into a cooperative and become subject to this chapter, as provided in Section 37-6-16, or any foreign corporation transacting business in this state pursuant to Section 37-6-26, may, at its election, retain the same corporate name which it had prior to such conversion or transaction of business. The name of a cooperative shall distinguish it from the name of any other corporation organized under the laws of, or authorized to transact business in, this state. The words "electric cooperative" or "power cooperative" shall not both be used in the name of any corporation organized under the laws of, or authorized to transact business in, this state, except a cooperative or corporation transacting business in this state pursuant to the provisions of this chapter.
Structure Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 6 - Electric Cooperatives.
Article 1 - General Provisions.
Section 37-6-2 - Organization and Purpose.
Section 37-6-3 - Enumerated Powers.
Section 37-6-5 - Incorporators.
Section 37-6-6 - Articles of Incorporation - Generally.
Section 37-6-7 - Articles of Incorporation - Amendment.
Section 37-6-9 - Qualifications for Membership; Meetings; Voting.
Section 37-6-10 - Board of Trustees.
Section 37-6-11 - Voting Districts.
Section 37-6-13 - Consolidation Generally.
Section 37-6-14 - Merger Generally.
Section 37-6-15 - Effect of Consolidation or Merger.
Section 37-6-16 - Conversion of Existing Corporation Into Cooperative.
Section 37-6-18 - Dissolution.
Section 37-6-19 - Filing of Articles.
Section 37-6-20 - Disposition of Excess Revenues.
Section 37-6-22 - Nonliability of Members for Debts of Cooperative.
Section 37-6-24 - Waiver of Notice.
Section 37-6-25 - Acknowledgment of Instruments.
Section 37-6-26 - Foreign Corporations.
Section 37-6-28 - Bonds or Other Indebtedness - Consent of Department of Finance.
Section 37-6-27 - Exemption From Jurisdiction of Public Service Commission.
Section 37-6-29 - Bonds or Other Indebtedness - Exemption From Provisions of Securities Law.