IN SB0376

Legislative Description

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

Last Action

Committee Referrals