Bylaw Revision Information
Below you will find summaries of the proposed bylaw revisions that you can vote on online, via mail-in ballot, and in person during the Annual Meeting on May 23.
Click here to review the proposed bylaw changes in full!
 

Article VII, Section 2. Patronage Capital in Connection with Furnishing Electric Energy

Summary of changes to the proposed bylaw: 

The proposed changes to Article VII, Section 2 allows for the board to have the ability to approve the immediate retirement of discounted capital credits to be directly applied to the cost of construction of a patron’s line extension of electric service to a new location to be served by the Cooperative upon such terms and conditions as the Board of Directors and patron may agree upon; provided, however, that the financial condition of the Cooperative will not be impaired thereby. Members shall request in writing that the capital credited to any such patron’s line extension be retired prior to the time such capital would otherwise be retired under the provisions of these bylaws.  

 

Article VII, SECTION 3. Unclaimed Capital Credits.     

Summary of changes to the proposed bylaw:

The proposed changes to Article VII, Section 3 allow for a Member-focused approach to publicizing the notice of Unclaimed Capital Credits. This proposed change allows for the continuation of notifications to be placed in Rural Missouri magazine as well as the cooperative website with the option to also post the notification in a newspaper of general circulation in the county in which the Cooperative locates its general headquarters if deemed necessary by the Co-Mo Board of Directors.