Three (3) or more natural persons may, by executing, filing and recording a certificate as hereafter provided in this article, form a corporation not organized for pecuniary profit for the purpose of promoting and encouraging the fullest possible use of electric energy by making electric energy available at the lowest cost consistent with sound economy and prudent management of the business of such corporations. In addition, such corporations may serve the purposes provided under the Mississippi Broadband Enabling Act.
Miss. Code Ann. § 77-5-205
Formation of non-profit corporations authorized
Applied in 1 court decision — leading case 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (2002)
Most recently applied in 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (January 2002)
Codes, 1942, § 5464; Laws, 1936, ch. 184; Laws, 2019, ch. 301, § 9, eff from and after passage (approved January 30, 2019
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.