Mississippi Code
Article 5 - Electric Power Associations
§ 77-5-225. Membership in corporation

Except as hereinafter provided, the corporate purpose of a corporation shall be to render service to its members only. Any person may become and remain a member if such person shall use energy supplied by such corporation and shall comply with the terms and conditions in respect to membership contained in the bylaws of such corporation, which terms and conditions shall be nondiscriminatory. Any person who shall agree to use energy supplied by the corporation from an existing line or from a line the construction of which has been authorized or commenced by the corporation may be admitted to membership in the corporation prior to such use upon complying with the other terms and conditions with respect to membership contained in the certificate of incorporation or in the bylaws. The membership fee of the corporation shall be fixed by the board of directors. Should the corporation acquire any electric facilities already dedicated or devoted to the public use it may, for the purpose of continuing existing service and avoiding hardship, continue to serve the persons served directly from such facilities at the times of such acquisition without requiring that such persons become members. In no event shall the number of such nonmembers served exceed forty-nine percent (49%) of the total number of persons served by the corporation. Such nonmember customers shall have the right to become members upon nondiscriminatory terms.

Structure Mississippi Code

Mississippi Code

Title 77 - Public Utilities and Carriers

Chapter 5 - Electric Power

Article 5 - Electric Power Associations

§ 77-5-201. Short title

§ 77-5-203. Definitions

§ 77-5-205. Formation of non-profit corporations authorized

§ 77-5-207. Contents of certificate of incorporation

§ 77-5-209. Prohibition on use of words "electric power association" and "electric cooperative."

§ 77-5-211. Execution and filing of certificate of incorporation

§ 77-5-213. Chartering existing corporations under this article

§ 77-5-215. Amendment of certificate of incorporation

§ 77-5-217. Consolidation of corporations

§ 77-5-219. Dissolution of corporation

§ 77-5-221. Board of directors

§ 77-5-223. Powers of board of directors

§ 77-5-225. Membership in corporation

§ 77-5-227. Certificate of membership; voting

§ 77-5-229. General powers of corporation

§ 77-5-233. Operations outside of state authorized

§ 77-5-239. Power of corporation to incur obligations and liabilities, borrow money, issue notes, bonds, etc.

§ 77-5-241. Interest rates

§ 77-5-243. Power to execute and deliver instruments to create security interest in corporation property

§ 77-5-245. Purchase and cancellation of bonds

§ 77-5-247. Monies of corporations

§ 77-5-249. Corporations and their property subject to taxation

§ 77-5-251. Construction of article; article complete in itself

§ 77-5-253. Annual financial and compliance audits

§ 77-5-257. TVA jurisdiction

§ 77-5-259. Limitation for billing errors