Section 16. Members  


Latest version.
  • Each  incorporator of a cooperative shall be a member
      thereof, but no other person may become a  member  thereof  unless  such
      other  person  agrees to use electric energy or other services furnished
      by the cooperative when they are made available through its  facilities.
      Any  member  of  a  cooperative  who agrees to use electric energy shall
      cease to be a member if he does not use electric energy supplied by  the
      cooperative  within  six  months after it is made available to him or if
      electric energy is not made available to him by the  cooperative  within
      two  years  after  he  becomes  a  member,  or such lesser period as the
      by-laws of the cooperative may provide. A husband and wife  may  hold  a
      joint membership in a cooperative. Membership in a cooperative shall not
      be  transferable,  except  as  provided  in the by-laws. The by-laws may
      prescribe  additional  qualifications  and  limitations  in  respect  of
      membership.