When any number of persons residing in the community not served, or inadequately served, with electrical energy desire to secure electrical energy for their community and desire to form corporations to be known as electric membership corporations for said purpose, they shall file application with the North Carolina Rural Electrification Authority for permission to form such corporation.
N.C. Gen. Stat. § 117-8
Formation in unserved communities; filing application with Rural Electrification Authority
Known as the Electric Membership Corporation Act
The act spans §§ 117-10 to 117-9 (26 sections).
Applied in 2 court decisions — leading case Time Warner Entertainment-Advance/Newhouse Partnership v. Carteret-Craven Electric Membership Corp. (2007)
Most recently applied in Time Warner Entertainment-Advance/Newhouse Partnership v. Carteret-Craven Electric Membership Corp. (October 2007)
1935, c. 291, s. 3.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.