Bontrager v. LA PLATA ELEC. ASS'N INC.
Colorado Court of Appeals
1Opinion of the Court
Opinion by
Judge WEBB.
This case challenges a nonprofit cooperative electric association's investment of member capital in for-profit, nonelectric subsidiaries. Plaintiff, William D. Bontrager, appeals the trial court's judgment in favor of defendant, La Plata Electric Association Inc. (LPEA). Contrary to plaintiff's contentions, we conclude that LPEA acted within its statutory authority and governing documents, and therefore we affirm.
LPEA is a nonprofit cooperative electric association that was formed under § 41-16-210, et seq., C.R.98.1985, and is now subject to § 7-55-101, et seq.,…
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