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OTSEGO ELECTRIC COOPERATIVE BYLAWS
I

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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.

P.O. Box 128 Hartwick, NY 13348     607.293.6622     Copyright  Otsego Electric Cooperative, Inc. Powered by DTi