South Carolina Code 33-46-400. Membership of telephone cooperative
(1) the requirement of membership in the telephone cooperative or ownership of shares;
Terms Used In South Carolina Code 33-46-400
- Member: means each incorporator of a cooperative and each person admitted to and retaining membership therein and includes a husband and wife admitted to joint membership. See South Carolina Code 33-46-20
- Person: means any natural person, firm, association, corporation, business trust, partnership, federal agency, state or political subdivision, or agency thereof, or any body politic. See South Carolina Code 33-46-20
- Quorum: The number of legislators that must be present to do business.
- Telephone cooperative: means a corporation which is financed, now or formerly, in whole or in part by the Department of Agriculture made under the provisions of the Rural Electric Act of 1936, Title 26, Section 922 of the United States Code, and acts amendatory thereto for the purposes of owning or operating in this State equipment or facilities for the transmission of intelligence through a communication service system including, but not limited to, telephone services, mobile radio, and cable television on a cooperative basis as is tax exempt pursuant to Internal Revenue Service Code 501(c)(12) or an association of like corporations exempt from tax pursuant to 501(c)(6), or operated under a cooperative basis pursuant to Subchapter T of the Internal Revenue Code and originally incorporated pursuant to Title 33, Chapter 45 of the South Carolina Code of Laws or this chapter. See South Carolina Code 33-46-20
- Telephone service: means the providing of communication service including, but not limited to, the transmission of voice, sounds, signals, pictures, writing, or signs of all kinds through the use of electricity or the electromagnetic spectrum between the transmitting and receiving apparatus, together with any communication services requiring band-width capacity, community antenna, and cable television services and including all lines, wires, radio, lights, electromagnetic impulse and all facilities, systems, or other means used in the rendition of such services, but not including message telegram service or radio broadcasting services or facilities within the meaning of Section 3(o) of the Federal Communications Act of 1934, as amended (47 USC Section 153(o)). See South Carolina Code 33-46-20
(2) the method, time, and manner of permitting members to withdraw or to transfer shares;
(3) the manner of assignment and transfer of the interest of members and of the shares (if any) and conditions upon which membership of any member shall cease;
(4) the automatic suspension of the rights of a member when he ceases to be eligible for membership in the telephone cooperative and the mode, manner, and effect of expulsion of a member;
(5) the manner of determining the value of a member’s interest and provision for the purchase of that interest by the telephone cooperative upon the death, withdrawal, or other termination of the member’s membership;
(6) the property rights of members upon dissolution;
(7) the time, place, and manner of calling and conducting its meetings;
(8) the rights of members to vote by proxy and the condition, manner, form, and effect of such votes;
(9) the number of directors constituting a quorum;
(10) the qualifications, compensation, duties, and terms of officers and directors, the time of their election, and the mode and manner of giving notice thereof;
(11) the mode, method, and manner of determining the members’ patronage capital and of crediting the members’ patronage capital to the members’ accounts, together with the mode, time, manner, and priority of retiring or otherwise making provisions for payment of such patronage capital credits;
(12) any other provisions that may be necessary, convenient, or appropriate to accomplish the purpose for which the telephone cooperative is organized.
Provided, however, that any bylaw provisions in conflict with the provisions of this chapter are of no force or effect.