discussing members of an electric cooperative as the equivalent of shareholders of a corporation
How later courts described this case
- discussing members of an electric cooperative as the equivalent of shareholders of a corporation
- classifying members’ claims to recover electric cooperative funds as derivative
- discussing the policy rationale for the exhaustion rule
Written by the judges who cited it.
The opinion
On Petition to Rehear
While we respect and admire the earnestness of counsel, we find nothing in the petition to rehear which was not considered and ruled upon by us in our opinion of November 6,1963. Therefore, the petition to rehear filed on December 4, 1963 is denied.