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65 chapters · 698 sections in this title.
35-A M.R.S. § 3701 Short title
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This chapter shall be known and may be cited as the "Rural Electrification Cooperative Enabling Act."
35-A M.R.S. § 3702 Purpose
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Cooperative nonprofit membership corporations may be organized under this chapter for the purpose of supplying electricity and promoting and extending the use of electricity.
35-A M.R.S. § 3703 Definitions
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As used in this chapter, unless the context otherwise indicates, the following words have the following meanings: [PL 1987, c. 141, Pt. A, §6 (NEW).] 1. Person. "Person" means person as defined in section 102 or any public agency, state or political subdivision or agency of the S…
35-A M.R.S. § 3704 Name
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The name of a cooperative shall be distinct from the name of any other cooperative or corporation organized under the laws of, or authorized to do business in this State.
Refunds
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Revenues of a cooperative for any fiscal year shall be applied as follows: [PL 1987, c. 141, Pt. A, §6 (NEW).] 1. Expenses. To defray the expenses of the operation and maintenance of the facilities of the cooperative during the fiscal year; 2. Interest and obligations. To pay int…