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2017 Alaska Statutes
Title 10. Corporations and Associations
Chapter 25. Electric and Telephone Cooperative Act
Article 4. Miscellaneous Provisions
Sec. 10.25.380. Nonprofit operation.
Universal Citation: AK Stat § 10.25.380 (2017)
A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The bylaws of a cooperative or its contracts with members and patrons must contain such provisions relating to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.
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