00                           SENATE BILL NO. 14                                                                           
01 "An Act relating to the term of office of directors of telephone or electric cooperatives."                             
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 10.25.160 is amended to read:                                                                      
04            Sec. 10.25.160. Staggered terms of office for directors. Instead of electing                               
05       all directors annually, the bylaws may provide that directors shall be elected for terms                          
06       not to exceed four [THREE] years, or until their successors are elected and qualify,                          
07       and that the terms of directors shall be staggered so that not all terms expire at the                        
08       same time [ONE-THIRD OF THE DIRECTORS, OR A NUMBER AS CLOSE TO                                                
09       ONE-THIRD AS POSSIBLE, SHALL BE ELECTED EACH YEAR].