NORECO I is a non-stock, non-profit electric cooperative, organized and existing under and by virtue of the Presidential Decree No 269 (PD 269).
Articles of Incorporation
The Articles of Incorporation provides for the registered name of the cooperative, purpose, official postal address, the term for which the cooperative is to exist, its incorporators, membership eligibility, and the Board of Directors.
By-Laws
The By-Laws outline the membership, property rights and liabilities of members, meeting of members, board of directors, board governance, board committees, duties and obligations of the Board of Directors, and Board Officers, corporate social responsibility, meeting of Board, Management, non-profit operations, disposition of property, seal, financial transactions, miscellaneous, and amendments.