House Bill No. by Representative Jacob Landry amends R.S. 12:407(B) concerning the bylaws of electric cooperatives. The bill clarifies that bylaws may be adopted, amended, or repealed by the members, and unless otherwise specified in the bylaws, the board of directors also has the authority to adopt, amend, or repeal bylaws.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, such as the sale or lease of substantial portions of the cooperative's property.

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. This legislative change aims 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)