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Co-op Members Aren't Owed Cash For Profits, 11th Circ. Says

By Michael Phillis ( January 12, 2017, 7:13 PM EST) -- The Eleventh Circuit backed a nonprofit electrical distribution utility in central Alabama on Thursday in a putative class action brought by members who objected to its distributing excess revenue by crediting its members' capital accounts instead of through cash payments, saying the method didn't violate state law....

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