2011 Arizona Revised Statutes
Title 10 Corporations and Associations
10-2133 Nonprofit operation
10-2133. Nonprofit operation
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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