Class-Action Lawsuit Focuses on Cooperative Board Compensation
A South Carolina electric cooperative, Tri-County Electric Cooperative, Inc., was recently named in a class-action lawsuit focusing on its board’s compensation. The lawsuit was filed by member Roy C. Smith on behalf of …
The U.S. House of Representatives recently advanced two electric cooperative priorities, which are now headed to the Senate for full consideration.
The House approved the Electricity Reliability and Forest Protection Act, H.R. 1873, by a vote of 300 to …
AHC attorney David Cook will address the National Telecommunications Cooperative Association concerning recent developments in cooperative taxation. Cooperatives must comply with special tax rules to qualify, or continue to qualify, for tax advantages such as tax exemption or deduction and …
AHC has formed a group on LinkedIn for business cooperatives. Here is a summary of the group and its purpose.
…Business Cooperatives is dedicated to connecting business cooperatives and their leaders. By sharing their expertise and experiences, members will
AHC attorney Roland Hall was recently interviewed for an article on the trend toward more transparency and openness in cooperative governance. The article appeared in the July/August issue of the National Cooperative Business Association’s Cooperative Business Journal. The full …
AHC attorney David R. Cook recently spoke to a group of cooperative accountants about the role of accountants in cooperatives’ board meetings. The presentation focused on the duties of directors, officers, and in-house accountants to the cooperative and to each …
This blog post was prepared by guest blogger Tim Madsen of Survey & Ballot Systems.
A cooperative, by definition, is an association of people voluntarily united to meet a common goal through democratic process and voluntary membership. Democratic cooperative governance …
The latest Cooperative Tax Brief discusses a recent technical advice memorandum concerning the Member Income Test for Telephone Cooperatives. The Service ruled that funds received by a telephone cooperative from two universal service funds were income to the cooperative, but …
The latest AHC Cooperative Taxation Brief discusses the Internal Revenue Service’s recent private letter ruling that confirms its long-held stance on discounting capital credits. The ruling makes a number of key points that deserve revisiting. This is especially true in …
In a prior post discussing the recent wave of class action lawsuits against cooperatives, we proposed a non-legal solution to the problem: education. Many of the lawsuits were caused, in part, by lack of understanding of cooperative principles and cooperative …