IAMO Communications - Shareholder & Service Terms and Conditions

Summary:
By submitting an application, you are requesting service from IAMO Communications and acknowledging the requirement to purchase one share of IAMO stock for a fixed price of $10.00, which will be billed on your first statement. Each member may hold only one share, and issuance of that share is subject to approval by the IAMO Board of Directors. The $10.00 amount will be refunded when service is disconnected, provided the account is in good standing. By applying, you agree to these conditions and understand that upon Board approval you will become a shareholder of IAMO Communications.

  1. Share Requirement - To establish service with IAMO Communications, each member is required to hold one share of IAMO stock. A single share will be issued to the applicant upon approval and is required for active service.

  2. Share Price and Billing - The cost of the IAMO share is $10.00, and this amount will appear on the applicant’s first monthly bill.

  3. One-Share Limit - Each member is limited to one share only. No individual or service account may hold more than one share.

  4. Board Approval - Issuance of stock is subject to approval by the IAMO Board of Directors. Shareholder status becomes official only after Board approval.

  5. Non-Transferability of Stock - IAMO stock is non-transferable. Shares cannot be sold, gifted, reassigned, or transferred to any other individual or entity.

  6. Refund Policy - The $10.00 share amount will be refunded upon disconnection of service, provided the member’s account is in good standing. Refunds apply only to the stock purchase and do not cover any additional service charges or balances due.

  7. Shareholder Status and Benefits - Upon Board approval, the applicant becomes a shareholder of IAMO Communications. Shareholders may be eligible for patronage dividends or other distributions as declared by the IAMO Board. These benefits are not guaranteed and depend on company performance and Board decisions.

  8. Agreement to Terms - By submitting the service application, the applicant confirms they understand and agree to the above terms, including the purchase of a single non-transferable share, refund conditions, and the requirement for Board approval.