40-9.5-206. Provisions on purchase nonexclusive - no effect on existing contracts

40-9.5-206. Provisions on purchase nonexclusive - no effect on existing contracts. (1) Nothing contained in this part 2 shall prohibit a municipality and a cooperative electric association from buying, selling, or exchanging electric distribution facilities, service rights, and other rights, property, and assets by mutual agreement. (2) Nothing in this part 2 shall impair the obligations of existing contracts.