Private Holder Rulings

Ruling Number Date Issue  
LR16-006 5/23/2016

Whether an electric cooperative may change its bylaws so that a member’s failure to inform the cooperative of his or her mailing address or the assignment of the right to receive redemption payments for certain capital credit allocations constitutes an irrevocable assignment of the redemption payments in question to an Arizona tax-exempt corporation to be formed by the cooperative? 

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