Articles of Incorporation of Electric Cooperative Corporation - Arkansas

Articles of Incorporation of Electric Cooperative Corporation is a legal document that was released by the Arkansas Secretary of State - a government authority operating within Arkansas.

FAQ

Q: What is an Electric Cooperative Corporation?A: An Electric Cooperative Corporation is a utility company that is owned and operated by the customers it serves.

Q: What are Articles of Incorporation?A: Articles of Incorporation are legal documents that establish the creation of a corporation.

Q: What is the purpose of the Articles of Incorporation?A: The purpose of the Articles of Incorporation is to set forth the basic information about the corporation, such as its name, address, purpose, and organizational structure.

Q: What does the term 'incorporation' mean?A: Incorporation means creating a legal entity separate from the individuals involved, with its own rights, privileges, and liabilities.

Q: Which state is the Electric Cooperative Corporation incorporated in?A: The Electric Cooperative Corporation is incorporated in Arkansas.

Q: Who can be a member of the Electric Cooperative Corporation?A: Generally, anyone who is a customer of the Electric Cooperative Corporation can become a member.

Q: What are the benefits of being a member of the Electric Cooperative Corporation?A: As a member, you have a say in the cooperative's decision-making process and may be eligible to receive capital credits or other forms of patronage dividends.

Q: How is the Electric Cooperative Corporation governed?A: The Electric Cooperative Corporation is governed by a board of directors elected by its members.

Q: Can the Electric Cooperative Corporation issue stock?A: No, the Electric Cooperative Corporation cannot issue stock. It is a non-profit organization.

Q: What happens to any excess revenue generated by the Electric Cooperative Corporation?A: Any excess revenue generated by the Electric Cooperative Corporation is typically reinvested into the business or returned to the members in the form of capital credits.