Energy Co-Opportunity, Inc., §7; §12; no action recommended, 3/12/1999

No action recommended to require registration of the offer and sale by Energy Co-Opportunity, Inc. (“ECO”) of shares of membership common stock to organizations engaged in, or planning to engage in, generating,distributing, transmitting, or handling electrical, propane, or other energy products or services and are members of the National Rural Utilities Cooperative Finance Corporation or the National Cooperative Services Corporation. Each member must purchase one share, but can only own one share. The shares are not transferable, but are subject to repurchase by ECO upon termination of membership for any reason. Each share is entitled to one vote, but no dividends are payable on any shares. Members are entitled to patronage refunds based upon annual business done with ECO. No public advertising or general solicitation will be used, and no commission or other remuneration will be paid, in connection with the offer or sale of the shares. The staff also recommended no action to require registration of ECO or its officers, directors, or employees as dealers in connection with the offers and sales of the shares.

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