Arizona § 10-2133 Nonprofit operation

Arizona Statutes

§ 10-2133 — Nonprofit operation

Arizona § 10-2133

Title 10Arizona Revised Statutes

Ch. 19NOT FOR PROFIT CORPORATIONS AND ASSOCIATIONS, COOPERATIVES AND FRATERNAL AND BENEVOLENT SOCIETIES

Art. 4Nonprofit Electric Generation and Transmission Cooperative Corporations

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Bluebook

Ariz. Rev. Stat. Ann. § 10-2133 (2026).

Text

A generation and transmission cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a generation and transmission cooperative or its contracts with consumers shall contain such provisions relative to the disposition of revenues and receipts as are necessary and appropriate to establish and maintain its nonprofit and cooperative character.

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A generation and transmission cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a generation and transmission cooperative or its contracts with consumers shall contain such provisions relative to the disposition of revenues and receipts as are necessary and appropriate to establish and maintain its nonprofit and cooperative character.