South Carolina Code 33-46-570. Officers
Current as of: 2023 | Check for updates
|
Other versions
Officers are as follows:
(1) A telephone cooperative has the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.
Terms Used In South Carolina Code 33-46-570
- 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
(2) A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors.
(3) The bylaws or the board of directors shall delegate to one of the officers responsibility for preparing minutes of the directors’ and members’ meetings and for authenticating records of the telephone cooperative.
(4) The same individual may hold more than one office in a telephone cooperative simultaneously.
(5) Any officer may be removed from office and his successor elected in the manner prescribed by the bylaws.