(1) "Board" means the board of directors of a generation and transmission cooperative;
(2) "Generation and transmission cooperative" means a rural electric cooperative formed under the Electric Cooperative Corporation Act, § 23-18-301 et seq., that:
(A) Does not have a certificated service territory; and
(B) Exclusively sells electricity at wholesale;
(3) "Member cooperative" means a rural electric cooperative that sells electricity at retail and is a member of a generation and transmission cooperative; and
(4) "Retail cooperative member" means the individual member-owner of a member cooperative.
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