§ 23-4-1101 - Definitions.
23-4-1101. Definitions.
As used in this subchapter:
(1) "Board" means the board of directors of a generation and transmission cooperative;
(2) "Generation and transmission cooperative" means a rural electric cooperative formed under the Electric Cooperative Corporation Act, 23-18-301 et seq., that:
(A) Does not have a certificated service territory; and
(B) Exclusively sells electricity at wholesale;
(3) "Member cooperative" means a rural electric cooperative that sells electricity at retail and is a member of a generation and transmission cooperative; and
(4) "Retail cooperative member" means the individual member-owner of a member cooperative.