Section 97March 10, 1990, Sec./Art. 97

Registration Requirements. - No public service cooperative shall be registered unless it satisfies the following requirements:

(1) It has the favorable endorsement of the proper government agency authorized to issue the franchise or certificates of public convenience and necessity;

(2) Its articles of cooperation and by-laws provide for the membership of the users and/or producers of the service of such cooperatives; and

(3) It satisfies such other requirements as may be imposed by the other pertinent government agencies concerned. In case there are two (2) or more applicants for the same public service franchise or certificate of public convenience and necessity, all things being equal, preference shall be given to a public service cooperative.