Md. Code Ann., Corps. & Ass'ns § 5-6A-01
Transportation cooperatives, purpose and organization
Effective Oct 1, 2002Added as Corporations and Associations § 5-602 by Acts 1975, c. 311, § 2, eff. July 1, 1975. Renumbered as Corporations and Associations § 5-6A-01 by Acts 2002, c. 135, § 1, eff. Oct. 1, 2002.State of Maryland
- (a) Cooperative, nonprofit, membership corporations may be organized to supply, promote, and extend the use of transportation services.
- (b) Each cooperative organized under this section shall be organized and governed by the provisions of Subtitle 2, “Nonstock Corporations”, of this title.
- (c) A cooperative organized under this section may use the term “cooperative” as part of its corporate name.
Added as Corporations and Associations § 5-602 by Acts 1975, c. 311, § 2, eff. July 1, 1975. Renumbered as Corporations and Associations § 5-6A-01 by Acts 2002, c. 135, § 1, eff. Oct. 1, 2002.
Formerly Art. 23, § 411A.