Statutes > Alabama Statutes > Title 37 — PUBLIC UTILITIES AND PUBLIC TRANSPORTATION. > Chapter 7 — ELECTRIC MEMBERSHIP CORPORATIONS. > Section 37-7-7 Certificates of membership; voting.

Section 37-7-7 Certificates of membership; voting.

Section 37-7-7

Certificates of membership; voting.

A corporation may issue to its members certificates of membership, and each member shall be entitled to only one vote at the meeting of the corporation.

(Acts 1935, No. 45, p. 100; Code 1940, T. 18, §16.)