Arizona Laws 10-2124. Use of name
A. The name of a generation and transmission cooperative shall include the word "cooperative" and the abbreviation "inc.", unless, in a statement executed by the cooperative and filed with the corporation commission, it appears that the generation and transmission cooperative desires to transact business in another state and would be precluded from doing so by reason of including these words in its name.
Terms Used In Arizona Laws 10-2124
- Commission: means the Arizona corporation commission. See Arizona Laws 10-140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Executed by the cooperative: means executed by manual or facsimile signature on behalf of the cooperative by a duly authorized officer or, if the corporation is under the control of a receiver or trustee, by the receiver or trustee. See Arizona Laws 10-2121
- 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
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
B. The name of the generation and transmission cooperative must be distinguishable from the name of any other cooperative or corporation organized under the laws of or authorized to do business in this state. Only a generation and transmission cooperative doing business in this state pursuant to this article may use all of the words "electric", "power" and "cooperative" in its name.