UTILITY/ELEC COOPS: Provides relative to the adoption, amendment, and repeal of bylaws of an electric cooperative
Signed by the Governor. Becomes Act No. 703.
Summary
The law updates Louisiana statutes so that electric cooperative members may adopt, change, or cancel bylaws, unless the bylaws say otherwise. Boards can also act on bylaws, but members alone must approve any changes that involve dissolving the cooperative or selling a large portion of its property. This ensures members have final say on the cooperative’s most significant actions.
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