Alaska Statutes Title 10, Chapter 10.25, Article 01 - Substantive Provisions

• Sec. 10.25.010 Powers of Electric or Telephone Cooperative; Prohibited Action.
  (a) Except as provided in (b) of this section, an electric or telephone cooperative may(1) sue and be sued in its corporate name;(2) have...
• Sec. 10.25.020 Powers of Electric Cooperative.
  An electric cooperative may(1) generate, manufacture, purchase, acquire, accumulate, and transmit electric energy, and distribute, sell, supply, and dispose of electric energy to its...
• Sec. 10.25.030 Powers of Telephone Cooperative.
  (a) A telephone cooperative may(1) furnish, improve, and expand telephone service and related telecommunications service to its members, and to other users not in...
• Sec. 10.25.040 Name.
  (a) The name of a cooperative must include the words "electric" or "telephone," as appropriate to its purpose, and "cooperative," and the abbreviation "inc."(b)...
• Sec. 10.25.050 Incorporators.
  Five or more persons, including cooperatives, may organize a cooperative.
• Sec. 10.25.060 Articles of Incorporation.
  (a) The articles of incorporation of a cooperative must recite that they are executed under this chapter and must state(1) the name of the...
• Sec. 10.25.070 Bylaws.
  The board of directors shall adopt the first bylaws of a cooperative to be adopted following an incorporation, conversion, merger, or consolidation. Thereafter the...
• Sec. 10.25.080 Membership.
  (a) Each incorporator of a cooperative shall be a member of the cooperative or of another cooperative that is a member of it. A...
• Sec. 10.25.090 Meetings of Members and District Delegates.
  (a) An annual meeting of the members of a cooperative shall be held at the time and place provided in the bylaws. An annual...
• Sec. 10.25.100 Notice of Meetings.
  Except as otherwise provided in this chapter, written notice stating the time and place of each meeting of the members or district delegates shall...
• Sec. 10.25.110 Quorum Requirements.
  (a) Unless the bylaws prescribe the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction...
• Sec. 10.25.120 Voting.
  Each member is entitled to one vote on each matter submitted to a vote of the membership. Each member of a district is entitled...
• Sec. 10.25.125 Record Date.
  To determine the members entitled to notice of a meeting of the members or to vote on a matter that is to be submitted...
• Sec. 10.25.130 Waiver of Notice.
  A person entitled to notice of a meeting may waive notice in writing either before or after the meeting. Attendance at a meeting is...
• Sec. 10.25.140 Board of Directors.
  The business of a cooperative shall be managed by a board of not less than five directors, each of whom shall be a member...
• Sec. 10.25.145 Liability, Indemnification, and Insurance.
  (a) A protected person is not individually liable for conduct performed within the scope of the person's duties for the cooperative. However, the protected...
• Sec. 10.25.150 Term of Office of Directors.
  The directors of a cooperative named in articles of incorporation, consolidation, merger, or conversion hold office until the next annual meeting of the members...
• Sec. 10.25.160 Staggered Terms of Office for Directors.
  Instead of electing all directors annually, the bylaws may provide that directors shall be elected for terms not to exceed four years, or until...
• Sec. 10.25.170 Quorum of Board.
  A majority of the board of directors constitutes a quorum.
• Sec. 10.25.175 Board Meetings Open; Exceptions; Notice; Remedy.
  (a) A meeting of the board of directors may be attended by members of the cooperative. Except when voice votes are authorized, a vote...
• Sec. 10.25.180 General Powers of Board.
  The board of directors may exercise all of the powers of a cooperative not conferred upon the members by this chapter, its articles of...
• Sec. 10.25.190 Districts.
  The bylaws may provide for the division of the territory served or to be served by a cooperative into two or more districts for...
• Sec. 10.25.200 Officers, Agents, and Employees.
  The officers of a cooperative are those officers authorized by the bylaws. The officers shall be elected annually by the board of directors from...
• Sec. 10.25.210 Amendment of Articles of Incorporation.
  A cooperative may amend its articles of incorporation as follows, except that it may change the location of its principal office in the manner...
• Sec. 10.25.220 Contents of Articles of Amendment.
  (a) The articles of amendment must recite that they are executed under this chapter and must state(1) the name of the cooperative;(2) the address...
• Sec. 10.25.230 Change of Location of Principal Office.
  A cooperative may, upon authorization of its board of directors or its members, change the location of its principal office by filing a certificate...
• Sec. 10.25.235 Member's Right to Examine Books and Records.
  A member of a cooperative may, at a reasonable time and for a proper purpose, examine and make copies of the books and records...

Last modified: November 15, 2016