Electric cooperatives heretofore incorporated under the former “Electric Cooperative Law” or hereafter incorporated under this chapter shall be organized and operated on a nonprofit basis and without pecuniary gain, and shall furnish their services on an area coverage basis at the lowest cost consistent with sound business principles.
Tenn. Code Ann. § 65-25-103
Nonprofit organization and operation
Known as the Rural Electric and Community Services Cooperative Act
The act spans §§ 65-25-101 to 65-25-135 (35 sections).
Acts 1988, ch. 689, § 2; T.C.A. § 65-25-203.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.