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Article II
RIGHTS AND LIABILITIES OF MEMBERS
Section 1. PROPERTY
INTEREST OF MEMBERS. Upon dissolution, after
(a) all debts and
liabilities of the Cooperative shall have been paid, and
(b) all capital furnished through patronage shall have been retired as
provided in these Bylaws, the remaining property and assets of the
Cooperative shall be distributed among the members and former members in the
proportion which the aggregate patronage of each bears to the total
patronage of all members during the existence of the Cooperative insofar as
is practicable.
Section 2. NON-LIABILITY
FOR DEBTS OF THE COOPERATIVE. The private property of the members shall be
exempt from execution or other liability for the debts of the Cooperative and no
member shall be individually liable or responsible for any debts or liabilities
of the Cooperative.
Section 3. RIGHTS-OF-WAY
ACROSS MEMBER PROPERTIES. Each member shall grant to the Cooperative an easement
or right-of-way across the member’s property, in a location to be agreed upon in
advance between the member and the Cooperative, for the purpose of extending
electric service to other member/consumers, erection, maintenance and
replacement of electric transmissions and distribution lines. This amendment
shall not apply to any existing members receiving service prior to August 24,
1988.
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