Electric Membership Corporations.

  1. Law
  2. North Carolina General Statutes
  3. Electrification
  4. Electric Membership Corporations.

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Section
117-6

Title of Article.

Section
117-7

Definitions.

Section
117-8

Formation in unserved communities; filing application with Rural Electrification Authority.

Section
117-9

Issuance of privilege for formation of such corporation.

Section
117-10

Formation authorized.

Section
117-10.1

Municipal franchises.

Section
117-10.2

Restriction on municipal service.

Sections
117-10.3

Repealed by Session Laws 2007-419, s. 3, effective August 21, 2007.

Section
117-11

Contents of certificate of incorporation.

Section
117-12

Execution and filing of certificate of incorporation by residents of territory to be served.

Section
117-13

Board of directors; compensation; president and secretary.

Section
117-14

Powers of board.

Section
117-15

Certificates of membership.

Section
117-16

Corporate purpose; terms and conditions of membership.

Section
117-16.1

Discrimination prohibited.

Section
117-17

General grant of powers.

Section
117-18

Specific grant of powers.

Section
117-18.1

Subsidiary business activities.

Section
117-19

Taxes and assessments.

Section
117-20

Encumbrance, sale, etc., of property.

Section
117-21

Issuance of bonds.

Section
117-22

Covenants or agreements for security of bonds.

Section
117-23

Purchase and cancellation of bonds.

Section
117-24

Dissolution.

Section
117-25

Amendment of certificate of incorporation.

Section
117-26

Application for grant or loan from governmental agency.

Sections
117-27

Repealed by Session Laws 1965, c. 287, s. 15.