Indiana § 8-1-13-2 Incorporation; purpose

Indiana Statutes

§ 8-1-13-2 — Incorporation; purpose

Indiana·Art. 1 UTILITIES GENERALLY·Ch. 13 Rural Electric Membership Corporation Act

Any number of natural persons not less than
eleven (11) may, by executing, filing and recording articles of
incorporation as provided in this chapter, form a corporation not
organized for pecuniary profit for the purpose of promoting and
encouraging the fullest possible use of electric energy in Indiana by
making electric energy available to inhabitants of rural areas of Indiana
at the lowest cost consistent with sound economy and prudent
management of the business of such corporations and by rendering
other services to its members.
Formerly: Acts 1935, c.175, s.2; Acts 1937, c.258, s.1. As
amended by P.L.136-2018, SEC.66.

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Any number of natural persons not less than
eleven (11) may, by executing, filing and recording articles of
incorporation as provided in this chapter, form a corporation not
organized for pecuniary profit for the purpose of promoting and
encouraging the fullest possible use of electric energy in Indiana by
making electric energy available to inhabitants of rural areas of Indiana
at the lowest cost consistent with sound economy and prudent
management of the business of such corporations and by rendering
other services to its members.
Formerly: Acts 1935, c.175, s.2; Acts 1937, c.258, s.1. As
amended by P.L.136-2018, SEC.66.

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