Effective - 28 Aug 1939
394.030. Formation of cooperative corporations authorized. — Cooperative, nonprofit, membership corporations may be organized under this chapter for the purpose of supplying electric energy and promoting and extending the use thereof in rural areas. Corporations organized under this chapter and corporations which become subject to this chapter in the manner herein provided are herein referred to as "cooperatives".
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(RSMo 1939 § 5387)