Title 17, Corporations, Partnerships And Associations

Articles of incorporation. (a) In addition to the requirements set forth in W.S. 17-19-202, each corporation organized under this act shall state, in its articles, that it is a cooperative utility. (b) Each corporation incorporating under this act shall be considered a mutual ben…

Admission. (a) No person who is not an incorporator shall become a member of a cooperative utility unless the person agrees to use the services furnished by the cooperative utility on a continuing basis when such services shall be available through its facilities. The bylaws may …

Requirement of members. A cooperative utility is required to have members.

Quorum requirements. Except for member votes on mergers, consolidations, sale or disposition of assets, and dissolutions, ten percent (10%) of all members of the cooperative utility present in person or by proxy or one hundred (100) members present in person, whichever is fewer, …

Election of directors. The bylaws may provide that the territory in which a cooperative utility supplies service to its members shall be divided into two (2) or more director districts, and in respect to each such director district shall describe the boundaries thereof and design…

Amendment of bylaws. (a) Notwithstanding W.S. 17-19-1021(a)(i) and (ii), a cooperative utility may amend its bylaws not inconsistent with its articles of incorporation by a two-thirds (2/3) vote of the board of directors after notice as required by this section. (b) A cooperative…

Merger of 2 or more cooperative utilities. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1103(c) require a greater vote, a plan of merger involving two (2) or more cooperative utilities to be adopted shall be approved as…

Merger with entity other than a cooperative utility. (a) A cooperative utility may merge with any entity if: (i) The merger is permitted by the law of the state or country under whose law the entity is organized and existing and each entity complies with that law in effecting the…

Consolidation of 2 or more cooperative utilities. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1112(c) require a greater vote, a plan of consolidation involving two (2) or more cooperative utilities to be adopted shall …

Consolidation with entity other than a cooperative utility. (a) A cooperative utility may consolidate with any entity if: (i) The consolidation is permitted by the law of the state or country under whose law the entity is organized and existing and each entity complies with that …

Sale or disposition of assets of a cooperative utility. (a) A cooperative utility shall not sell, lease or otherwise dispose of all or any substantial portion of its property, when the action is not in the regular course of activities, except as provided in this section. (b) Befo…

Mortgage or encumbrance of assets of a cooperative utility. (a) The board of directors, without authorization by the members, shall have full power and authority: (i) To borrow monies from any source and in such amounts as the board may from time to time determine; and (ii) To mo…

Patronage capital contributions, allocations and refunds; deposits and advance payments. (a) Cooperative utilities organized under this act may make distributions to members in the form of patronage capital contributions, allocations and refunds. The bylaws shall provide for patr…

Dissolution by directors, members and third persons. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1402(c) require a greater vote, dissolution is authorized if it is approved as provided by W.S. 17-19-1402(a)(i) and (iii…

Application. This act applies to all cooperative utilities, including rural electric associations, whether formed before the effective date of this act or not.