This bill amends R.S. 12:407(B) regarding the bylaws of electric cooperatives in Louisiana. It clarifies that bylaws can be adopted, amended, or repealed by the members of the cooperative. The amendment introduces the provision that, unless otherwise specified in the bylaws, the board of directors also has the authority to adopt, amend, or repeal bylaws. However, it stipulates that only the members can amend bylaws related to the dissolution of the cooperative or significant property transactions.

Additionally, the bill ensures that any bylaws adopted by the board of directors must not conflict with existing provisions in R.S. 12:414, 418, or 421. The changes aim to provide clearer governance structures for electric cooperatives, balancing the powers of the board and the members while safeguarding critical decisions that require member input.

Statutes affected:
HB1096 Original: 12:407(B)
HB1096 Engrossed: 12:407(B)
HB1096 Enrolled: 12:407(B)
HB1096 Act 703: 12:407(B)