Enrolled Senate Bill (S)

DIGEST

Rural electric membership corporation governance. Amends the statute governing rural electric membership corporations (corporations) as follows: (1) Specifies that for purposes of the statute: (A) a "law" includes the statute itself; and (B) a "member" of a corporation means a person admitted to membership under law and the corporation's bylaws. (Current law provides that a member means a person admitted to membership under law or the corporation's bylaws.) (2) Allows for electronic notice of a meeting of the corporation's members. (3) Authorizes a corporation to include a provision in its articles of incorporation or its bylaws to allow any votes Rural electric membership corporation governance. Amends the statute governing rural electric membership corporations (corporations) as follows: (1) Specifies that for purposes of the statute: (A) a "law" includes the statute itself; and (B) a "member" of a corporation means a person admitted to membership under law and the corporation's bylaws. (Current law provides that a member means a person admitted to membership under law or the corporation's bylaws.) (2) Allows for electronic notice of a meeting of the corporation's members. (3) Authorizes a corporation to include a provision in its articles of incorporation or its bylaws to allow any votes cast: (A) after notice of a meeting is provided; and (B) before a meeting of its members; to count toward specified quorum requirements. (4) Specifies that a corporation may file a petition with the utility regulatory commission seeking authority to begin water or wastewater service. (Current law does not specify that a corporation may seek to provide wastewater service.) (5) Makes technical changes. ... View more