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 other.Read More »The Role of the Cooperative Accountant
AHC attorney David Cook will present a webinar for the National Association of Accountants for Cooperatives entitled “An Annual Update on Cooperative Taxation.” The webinar… Read More »AHC Attorney David Cook To Present NSAC Webinar on Cooperative Taxation
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… Read More »IRS Provides Guidance on Member Income Test for Telephone Cooperatives
Some electric cooperatives consider consumers’ credit scores in reviewing their applications for electric service. Cooperatives that sponsor financing programs for their members may review members’ credit scores as well. The Federal Trade Commission and Federal Reserve Board recently made changes to the Risk-Based Pricing Rule (the “Rule”) that will now require cooperatives to disclose credit score information to consumers and members in certain situations.Read More »Substantial Changes To Required Credit Notices to Consumers
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… Read More »IRS Confirms the Propriety of Discounting Capital Credits
On March 7, 2011, the NRTC announced that it would offer a wireless AMI (advanced metering infrastructure) system to its members from Sensus.
The article discusses current cooperative practices, examines the state open access and open records law applicable to public entities, and, for those cooperatives interested in developing open access policies, provides guidance on drafting such policies.
In a previous post, we discussed litigation against cooperatives involving their capital credit practices. That post contains a link to a summary discussing specific cases. One of those cases involved Carroll Electric Cooperative Corporation, an Arkansas electric cooperative. Earlier this month, the Supreme Court of Arkansas affirmed a lower court’s dismissal of the case.
Can the Cooperative Model Help America’s Healthcare System?
Several electric cooperatives throughout the country have been the subject of class action lawsuits targeting their unretired capital credits. The lawsuits were filed by one or more members or former members against the cooperative and, in some instances, against directors and management. In this blog post, we discuss one non-legal measure to avoid such lawsuits and bolster coopertives’ defenses. We recommend education of cooperative management, employees, directors, and especially members.
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