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Statutes Text

Article - Corporations and Associations




§5–636.

    (a)    Subject to subsection (b) of this section, within 180 days after providing a certification to the Commission under § 5–635(h) of this subtitle, the cooperative’s board of directors, by a supermajority vote, shall:

        (1)    Adopt bylaws for the member–regulated cooperative; and

        (2)    Amend the cooperative’s articles of incorporation to reflect the cooperative’s conversion to being a member–regulated cooperative.

    (b)    The bylaws and amended articles of incorporation shall:

        (1)    Authorize the member–regulated cooperative to provide broadband Internet service;

        (2)    Establish a plan for making broadband Internet service available to members in a manner that maximizes deployment with available financial resources;

        (3)    Include an allocation method in accordance with § 5–607(c) of this subtitle to ensure that electric customers do not subsidize the cost of broadband Internet service; and

        (4)    Except as provided in § 5–637(a)(2) of this subtitle, be consistent with this subtitle.



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