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Questions and Answers
What is the primary function of the general assembly mentioned in the text?
What is the primary function of the general assembly mentioned in the text?
- To appoint the members of the board of directors
- To approve amendments to the articles of cooperation and bylaws
- To exercise powers stated in the Code, articles of cooperation, and bylaws (correct)
- To approve developmental plans of the cooperative
Which body is considered the highest policy-making body of the cooperative?
Which body is considered the highest policy-making body of the cooperative?
- Bylaws
- General Assembly (correct)
- Board of Directors
- Articles of Cooperation
According to the text, what is a power exclusively held by the general assembly?
According to the text, what is a power exclusively held by the general assembly?
- Removing members of the board for cause
- Determining and approving amendments to the articles of cooperation and bylaws (correct)
- Electing or appointing members of the board of directors
- Approving developmental plans of the cooperative
In what circumstances can the election of board members be held differently for electric cooperatives?
In what circumstances can the election of board members be held differently for electric cooperatives?
What type of powers does the general assembly have according to the text?
What type of powers does the general assembly have according to the text?
What is the minimum requirement for members to be part of the general assembly?
What is the minimum requirement for members to be part of the general assembly?
What percentage of members with voting rights is required to delegate some powers to a smaller body of the cooperative?
What percentage of members with voting rights is required to delegate some powers to a smaller body of the cooperative?
How often is a regular meeting held by the general assembly?
How often is a regular meeting held by the general assembly?
What percentage of total members entitled to vote is required to constitute a quorum in electric cooperatives?
What percentage of total members entitled to vote is required to constitute a quorum in electric cooperatives?
Under what condition can the Authority issue an order to call a meeting of the general assembly?
Under what condition can the Authority issue an order to call a meeting of the general assembly?
What is the voting system for each member of a primary cooperative?
What is the voting system for each member of a primary cooperative?
How many incentive votes can members of secondary or tertiary cooperatives have as provided for in the bylaws?
How many incentive votes can members of secondary or tertiary cooperatives have as provided for in the bylaws?
In what case can a special general assembly be called for a newly approved cooperative?
In what case can a special general assembly be called for a newly approved cooperative?
What is the minimum percentage of all members entitled to vote required for a quorum?
What is the minimum percentage of all members entitled to vote required for a quorum?
How often should notice of regular meetings be sent to all members?
How often should notice of regular meetings be sent to all members?
Study Notes
General Assembly
- The primary function of the general assembly is to serve as the highest policy-making body of the cooperative.
Powers of the General Assembly
- The general assembly has the power to delegate some of its powers to a smaller body of the cooperative if at least 20% of members with voting rights agree.
Election of Board Members
- The election of board members can be held differently for electric cooperatives under special circumstances.
Membership Requirements
- The minimum requirement for members to be part of the general assembly is not specified.
Voting System
- Each member of a primary cooperative has one vote.
- Members of secondary or tertiary cooperatives can have up to five incentive votes as provided for in the bylaws.
Meeting Requirements
- Regular meetings of the general assembly are held at least once a year.
- A quorum is constituted when at least 20% of total members entitled to vote are present.
- Notice of regular meetings must be sent to all members at least 30 days prior to the meeting.
Special General Assembly
- A special general assembly can be called for a newly approved cooperative under certain circumstances.
Authority Intervention
- The Authority can issue an order to call a meeting of the general assembly under certain conditions.
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Description
Test your knowledge on the composition and powers of the general assembly in a cooperative based on the articles of cooperation and bylaws. Understand the role of the general assembly as the highest policy-making body.
