Cooperative, nonprofit, membership corporations may be organized under this chapter for the purpose of supplying electric energy and promoting and extending the use thereof in rural areas. Corporations organized under this chapter and corporations which become subject to this chapter in the manner hereinafter provided are hereinafter referred to as “cooperatives.”
Fla. Stat. § 425.02
Purpose
Known as the Rural Electric Cooperative Law
The act spans §§ 425–425 (31 sections).
History.--s. 2, ch. 19138, 1939; CGL 1940 Supp. 6494(45).
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.