Maryland Consumer Cooperative Act | Midpage

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Maryland Code

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5a

Maryland Consumer Cooperative Act

State of Maryland

5-5A-01Applicability of subtitle 5-5A-02Definitions 5-5A-03Permissible business activity, consumer or federated cooperative 5-5A-04Who may incorporate 5-5A-05Evidence of membership interest 5-5A-06Powers 5-5A-07Articles of incorporation or bylaws, contents 5-5A-08Sale, conversion and voting of stock 5-5A-09Conversion to consumer cooperative 5-5A-10Business name, use of “cooperative”5-5A-11Adoption and amendment of bylaws 5-5A-12Number and qualifications of directors 5-5A-13Election and term of directors 5-5A-14Election by district 5-5A-15Officers, required and permissible 5-5A-16Bylaw provisions for removal of directors 5-5A-17Bylaw provisions for salaries of directors 5-5A-18Membership eligibility 5-5A-19Meetings, annual and special 5-5A-20Members entitled to vote 5-5A-21Amendments to articles of incorporation 5-5A-22Savings, allocation and use 5-5A-23Audit and annual report 5-5A-24Merger, transfer and dissolution 5-5A-25Plan of division 5-5A-26Cooperatives organized before July 1, 1985, applicability 5-5A-27Activity not considered restraint of trade 5-5A-28Membership capital, not a security 5-5A-29Maryland general corporation laws, applicability 5-5A-30Short title