A foreign generation and transmission cooperative is entitled to all rights, exemptions, privileges and immunities of a generation and transmission cooperative organized under this article, except that a foreign generation and transmission cooperative need not comply with section 10-2124. A foreign distributive cooperative is eligible to become a member of a generation and transmission cooperative by complying with the applicable provisions of this article.

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Terms Used In Arizona Laws 10-2149

  • Generation and transmission cooperative: means a corporation that is organized under this article or that becomes subject to this article as provided in this article. See Arizona Laws 10-2121
  • Member: means , without regard to what a person is called in the articles of incorporation or bylaws, any person or persons who, pursuant to a provision of a corporation's articles of incorporation or bylaws, have the right to vote for the election of a director or directors. See Arizona Laws 10-3140