(a) A cooperative may consolidate, merge, participate in a share exchange, transfer assets, or dissolve in the manner provided in Title 3 of this article for stock corporations in general.
(b) For purposes of this section, an objecting member has the same rights with respect to his contract and property rights as an objecting stockholder has with respect to his stock under Title 3, Subtitle 2 of this article.
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