Section 81.505 - Restriction on power of rural electric cooperatives to sell, lease or dispose of assets1. A rural electric cooperative formed or consolidated pursuant to NRS 81.410 to 81.540, inclusive, may sell, lease or otherwise dispose of all or a substantial portion of its assets only if the sale, lease or disposition is: (a) Authorized by the affirmative vote of not less than three-fourths of the directors of the cooperative; and(b) Assented to by two-thirds of the members of the cooperative:(2) By a vote of the members at a meeting, notice of which has been given in the manner provided in NRS 82.336.2. As used in this section, "substantial portion of its assets" means any portion of the assets of a cooperative representing 25 percent or more of the total book value of all of its assets.Added to NRS by 1987, 770; A 1989, 528; 1991, 1252Added to NRS by 1987, 770; A 1989, 528; 1991, 1252