ARTICLE XII - MEMBERSHIP IN OTHER ORGANIZATIONS
The Cooperative shall not become a Member of or purchase stock in any other organization without an affirmative vote of the Members at a duly held meeting, the notice of which shall specify that action is to be taken upon such proposed Membership or stock purchase, provided however, that the Cooperative may, upon the authorization of the Board of Directors, purchase stock in and/or become a member of any corporation on a non-profit basis, which:
- has the purpose of engaging in or furthering the cause of rural electrification, rural education, rural economic development of any kind or other similar programs which may benefit, directly or indirectly, the Membership,
- has the purpose of acquiring or operating electric generation, transmission and/or distribution facilities; or
- is an electric cooperative corporation organized under the Act.