Inter-County Rural Electric Co-Operative Corp. v. Reeves

Opinion of the Court by

Yan Sant, Commissioner

Affirming.

Appellant, Inter-Connty Rural Electric Cooperative Corporation, is a non-profit corporation organized and operating under the provisions of KRS 279.010 to 279.990, inclusive. It has no capital stock and the rights and interests of each member of the corporation in respect to the property of the corporation and in respect to voting at membershijD meetings are equal. Any person may become a member upon payment of the membership fee, agreeing to purchase electric energy from the corporation, and agreeing to comply with the articles of…