Purposes of electric membership corporations

Existence of electric membership corporations under articles of incorporation; duration of corporations; powers of corporations generally. Defense of ultra vires. Unauthorized assumption of corporate powers. Limitations as to actions growing out of acquisition of rights of way, easements, or occupation of lands of others; damages recoverable. 46-3-266. 46-3-267. 46-3-268. 46-3-269. 46-3-270. 46-3-271. 46-3-272. Part 6 Part 3 Directors and Officers Corporate Name 46-3-220. 46-3-221. 46-3-290. Requirements as to corporate name generally. Reservation of names. Part 4 Registered Office, Registered Agents, Service of Process, and Venue 46-3-240. 46-3-241. 46-3-242. 46-3-243. Qualifications of members; provision by articles of incorporation or bylaws for transfer, classification, and termination of memberships. Liability of members. Meetings of members generally. Notice of members’ meetings. Closing of record books and fixing of record date. Quorum of members; adjournment of meeting by majority of members represented at meeting. Voting by members generally. Effect of voting requirements provided for in articles of incorporation or bylaws. Voting by proxy generally. Dissenters’ rights. Credentials and elections committee. Maintenance of books and records of account; inspection of books and records by members; preparation of annual financial statements. Derivative actions by members. 46-3-291. Registered office and registered agent. Change of registered office or registered agent. Service of process on electric membership corporations. Venue in proceedings against electric membership corpora- 46-3-292. 46-3-293. 115 Management of business and affairs of electric membership corporation by board of directors; knowledge of limitations on directors’ authority required; qualifications; compensation and reimbursement for expenses. Number of directors; statement of names and addresses of initial directors in articles of incorporation; duration of director’s service in office. Provisional director. Classification of directors; division of service territory into districts. Page: 116 Job Path: @mfgmic/west/stcodes/ga/repl/qj04040.63 Date: 06/30/04 Time: 20:52:28 0000 42051-21 (QS) GA 04 RV34 -- 3rd RUN T.46, C.3 PUBLIC UTILITIES, ETC. Sec. 46-3-294. Sec.