Quote:
Originally Posted by ITD
Ok, that was funny, sad but funny. I believe the company is a coop, meaning that as a customer, you are also an owner. That account is where they put your dividends, which they call your equity. Sounds like it is put in a place you can never touch and it is money you can never have. You do get a vote in who runs the show and you are allowed to go to the business meetings and raise hell if you want, within the rules of the meeting. There is probably methods for gathering enough signatures to call a meeting, or get an item on a meeting agenda for a vote.
You can find bylaws and rules here: http://www.nhec.coop/about.php
Section
2. Special
Meetings.
Special meetings of the members may be called by the Board of Directors. It shall be the duty of the Secretary
of the Board of Directors to call a special meeting of the
members within thirty (30) days upon receipt of a petition signed by not less than ten per centum (10%)
of the members stating the specificbusiness to be brought before the Cooperative. Upon call of a special
meeting by the Board of Directors, it shall be the duty of the secretary to cause notice of such meeting to
be given as hereinafter provided. Special meetings of the members may be held at any place within the
State of New Hampshire, specified in the notice of the special meeting. |
Oh, and another thing (Press 1 for English): "Even though you have 3 meters and pay 3 member fees (correction, 3 METER FEES), you are only allowed one vote if all meters are in the same name. If you want to go to the trouble of deeding your property into a different name, then you can send us the deed and we will change the name on your account. Then you can have more votes. But, the votes don't matter anyway because whoever comes on our board of directors is just a puppet and has to do what we tell them to do. Kind of like a junior member of congress" Press the * key to end this call"