(a) (1) Every cooperative shall hold an annual meeting of its members to elect directors and to transact any other business within its powers.
(2) The meeting shall be held:
(i) At the time provided in the bylaws; or
(ii) If the bylaws specify a period not exceeding 31 days during which the meeting may be held, at a time within that period set by the board of directors.
(b) The bylaws may provide for additional regular meetings.
(c) (1) The board of directors may call a special meeting at any time.
(2) Ten percent of the members may demand a special meeting at any time by filing a petition which states the specific business to be brought before the meeting, and the board of directors then shall call the meeting.
(d) Notice of each meeting shall be mailed to each member at least ten days before the meeting and, if a special meeting is called, the notice shall state the purpose of the meeting.
Structure Maryland Statutes
Title 5 - Special Types of Corporations
Subtitle 5 - Agricultural Cooperatives
Section 5-502 - Purposes of Incorporation
Section 5-503 - Who May Incorporate; Capital Stock
Section 5-504 - Powers in General
Section 5-505 - Articles of Incorporation -- Execution; Contents
Section 5-506 - Articles of Incorporation -- Amendment
Section 5-507 - Corporation May Be Converted Into Cooperative
Section 5-509 - Payment by Subscriber Before Certificate of Stock or Membership Issued
Section 5-510 - Use of Term "Cooperative" in Corporate Name
Section 5-512 - Management of Cooperative; Number and Qualifications of Directors
Section 5-513 - Original Directors; Election and Term of Successors
Section 5-514 - Election of Directors by Districts
Section 5-515 - Vacancies on Board of Directors
Section 5-516 - Compensation and Contracts of Officers and Directors
Section 5-517 - Required and Permitted Officers
Section 5-518 - Removal of Director and Officer
Section 5-522 - Contracts With Members
Section 5-523 - Membership in Another Cooperative
Section 5-524 - Transactions With Other Cooperatives
Section 5-525 - Patronage Distributions
Section 5-526 - Operating on Nonprofit Basis
Section 5-527 - Consolidation, Merger, Share Exchange, Transfer of Assets, or Dissolution
Section 5-528 - Payment When Another Business Is Purchased
Section 5-529 - Audit of Financial Statement of Cooperative Handling Raw Agricultural Products
Section 5-530 - Cooperative and Marketing Agreements Not in Restraint of Trade
Section 5-531 - Application of Maryland General Corporation Law