A foreign electric cooperative which has received a certificate of authority under this article shall, until a certificate of revocation or of withdrawal has been issued as provided in this article, enjoy the same, but no greater, rights and privileges as an electric membership corporation organized for the purposes set forth in the application pursuant to which such certificate of authority is issued; and, except as otherwise provided in this article, such foreign electric cooperative shall be subject to the same duties, restrictions, penalties, and liabilities imposed upon an electric membership corporation.
(Code 1933, § 34C-1702, enacted by Ga. L. 1981, p. 1587, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 36 Am. Jur. 2d, Foreign Corporations, § 110 et seq.
C.J.S.- 19 C.J.S., Corporations, §§ 888-892, 905, 906.