Code of Virginia - Title 56 Public Service Companies - Chapter 9.1 Utility Consumer Services Cooperatives And Utility Aggregation Cooperatives

56-231.15 Definitions
The following terms, whenever used or referred to in this article, shall have the following meanings, unless a different meaning clearly appears from the context: ...
56-231.16 Organization; purpose
A. Any number of natural persons not less than five may, by executing, filing and recording articles of incorporation as hereinafter set forth, form a ...
56-231.17 Articles of incorporation
A. The articles of incorporation mentioned in § 56-231.16 shall be entitled and endorsed "Articles of Incorporation of the . . . . . . ...
56-231.18 Name of other corporations not to include term "electric cooperative" or "utility consumer servi...
The words "electric cooperative" or "utility consumer services cooperative" shall not be used in the corporate name of corporations other than (i) those subject to ...
56-231.19 Filing articles of incorporation; effect thereof; other provisions of law applicable
The natural persons executing the articles of incorporation shall be residents of the territory in which the principal operations of the cooperative are to be ...
56-231.20 Description unavailable
Repealed by Acts 2000, cc. 944, 999. ...
56-231.21 Dissolution and termination of cooperatives
A stock or nonstock cooperative may be dissolved in the manner prescribed by Article 16 (§ 13.1-742 et seq.) of Chapter 9 or Article 13 ...
56-231.22 Charter amendments
A cooperative may amend its articles of incorporation to change its corporate name, to increase or reduce the number of its directors or change any ...
56-231.23 General powers granted
Each cooperative formed under this article shall have power to do any and all lawful acts or things including, but not limited to the power: ...
56-231.24 Power to dispose of property
No cooperative may sell, lease or dispose of all or substantially all of its property (other than property which, in the judgment of the board, ...
56-231.25 Power to issue obligations
A cooperative shall have power and is hereby authorized, from time to time, to issue its obligations for any corporate purpose. Such obligations may be ...
56-231.26 Covenants in connection with obligations
In connection with the issuance of any obligations a cooperative may make covenants or agreements and do any and all acts or things that a ...
56-231.27 Power to purchase its own obligations
A cooperative may purchase any obligation issued by it. (1999, c. 874; 2000, cc. 944, 999.) ...
56-231.28 Board of directors of cooperatives
Each cooperative shall have a board of directors of five or more members, which board shall constitute the governing body of the cooperative. Only members ...
56-231.29 Powers of board of directors
The board of directors of a cooperative shall have power to do all things necessary or incidental in conducting the business of the cooperative, including, ...
56-231.30 Rights and liabilities of members
A. A cooperative may have one or more classes of members. If the cooperative has more than one class of members, the designation of each ...
56-231.31 Payment of certain patronage capital to spouse or next of kin of deceased person
When there is held by any cooperative any patronage capital to the credit of a deceased person, in an amount not exceeding $10,000, upon whose ...
56-231.31:1 Donation of certain patronage capital to the cooperative
Notwithstanding any other provision of law, when there is held by any cooperative any retired patronage capital to the credit of (i) a deceased person ...
56-231.32 Service to members
No person shall become or remain a member unless such person shall use utility services supplied by such cooperative and shall have complied with the ...
56-231.33 Adequate service; rates
Regulated utility services offered by a cooperative shall be reasonably adequate, subject to the regulations of the Commission, as provided in § 56-231.34. The charge ...
56-231.34 Regulation by Commission
The regulated utility services of a cooperative shall be subject to the jurisdiction of the Commission in the same manner and to the same extent ...
56-231.34:1 Separation of regulated and unregulated businesses
A. No cooperative that engages in a regulated utility service shall conduct any unregulated business activity, other than traditional cooperative activities, except in or through ...
56-231.34:2 Right of action; violation of rules or regulations
A. Any person who suffers loss as the proximate result of a violation by a cooperative or its affiliate of any rule or regulation adopted ...
56-231.35 Charter fees, etc
The general laws relating to fees and other charges in connection with issuing charters, amendments thereto and dissolutions of corporations organized on a mutual basis ...
56-231.36 Construction of article; conflicting laws
This article is to be liberally construed and the enumeration of any object, purpose, power, manner, method or thing shall not be deemed to exclude ...
56-231.37 How article cited
This article may be cited as the "Utility Consumer Services Cooperatives Act." (1999, c. 874.) ...
56-231.38 Definitions
As used in this article: "Affiliate" means a separate affiliated or subsidiary corporation or other separate legal entity. "Board" means any board of directors of ...
56-231.39 Organization and purpose
A. Subject to § 56-231.50:1, any utility consumer service cooperative or utility aggregation cooperative may form a cooperative in accordance with this article, either stock ...
56-231.40 Names
The words "electric cooperative" or "utility aggregation cooperative" shall not be used in the corporate name of any corporation other than those subject to this ...
56-231.41 Articles of incorporation
A. The articles of incorporation shall be entitled "Articles of Incorporation of . . . . . . . . . Cooperative" (the blank space ...
56-231.42 Bylaws
The original bylaws of a cooperative shall be adopted by the members of such cooperative. Thereafter, such cooperative's board shall adopt, amend, or repeal the ...
56-231.43 Powers
A. Each cooperative formed under this article shall have power to do any and all lawful acts or things, including, but not limited to the ...
56-231.44 Board of directors
A. Each cooperative shall have a board of directors consisting of at least five directors, which shall constitute the governing body of such cooperative. The ...
56-231.45 Officers
The officers of a cooperative shall consist of a president, vice-president, secretary and treasurer who shall be elected annually by the board and such other ...
56-231.46 Members
A. A cooperative may have one or more classes of members. If the cooperative has more than one class of members, the designation of each ...
56-231.47 Adoption of article
Any cooperative of this Commonwealth engaged in the purchase, sale, generation or transmission of electric energy products or services for sale or resale may come ...
56-231.48 Applicability of other laws
All of the provisions of the Virginia Stock Corporation Act, Chapter 9 (§ 13.1-601 et seq.) of Title 13.1, and the Virginia Nonstock Corporation Act ...
56-231.49 Restructuring costs
To the extent authorized in this title, a cooperative may recover its costs related to the restructuring of the electric utility industry, including stranded costs ...
56-231.50 Regulation by State Corporation Commission
The regulated utility services and operations of any cooperative organized under this article shall be subject to the jurisdiction of the Commission in the same ...
56-231.50:1 Separation of regulated and unregulated businesses
A. No cooperative that engages in a regulated utility service shall conduct any unregulated business activity, other than traditional cooperative activities, except in or through ...
56-231.50:2 Right of action; violation of rules or regulations
A. Any person who suffers loss as the proximate result of a violation by a cooperative or its affiliate of any rule or regulation adopted ...
56-231.51 Construction of article and conflicting laws
This article is to be liberally construed and the enumeration of any object, purpose, power, manner, method or thing shall not be deemed to exclude ...
56-231.52 Citation to article
This article may be cited as the "Utility Aggregation Cooperatives Act." (1999, c. 874.) ...

Last modified: April 3, 2009