Maryland Statutes
Subtitle 5A - Maryland Consumer Cooperative Act
Section 5-5A-13 - Original Directors; Election and Term of Successors

(a)    Until the first annual meeting of members and until successors are elected and qualified, the board of directors shall consist of:
        (1)    Individuals named as directors in the articles; or
        (2)    If no directors are named, the incorporators.
    (b)    (1)    The directors shall be elected by the members or by delegates of the members.
        (2)    Unless the bylaws provide otherwise, the directors shall be elected at the first annual membership meeting and at each subsequent annual membership meeting, and shall hold office until the next annual membership meeting and until their successors are elected and qualified.
        (3)    The bylaws may provide for staggered terms of directors and delegates.

Structure Maryland Statutes

Maryland Statutes

Corporations and Associations

Title 5 - Special Types of Corporations

Subtitle 5A - Maryland Consumer Cooperative Act

Section 5-5A-01 - Applicability of Subtitle

Section 5-5A-02 - Definitions

Section 5-5A-03 - Incorporation of Consumer or Federated Cooperative; Permissible Business Activity

Section 5-5A-04 - Number Required for Incorporation

Section 5-5A-05 - Formation of Cooperative; Evidence of Membership Interest

Section 5-5A-06 - General Powers

Section 5-5A-07 - Contents of Articles of Incorporation or Bylaws

Section 5-5A-08 - Limitation on Stock Ownership; Member's Withdrawal or Disposal of Interest; Classes of Ownership; Stock Conversion; Termination of Nonstock Voting Membership

Section 5-5A-09 - Conversion of Corporation Into Consumer Cooperative; Adoption of Name

Section 5-5A-10 - Use of Word "Cooperative" in Conducting Business

Section 5-5A-11 - Bylaws

Section 5-5A-12 - Management of Cooperative; Number and Qualifications of Directors

Section 5-5A-13 - Original Directors; Election and Term of Successors

Section 5-5A-14 - Bylaws Provision for Election of Directors and Delegates of Members

Section 5-5A-15 - Officers

Section 5-5A-16 - Removal of Directors, Officers, and Delegates

Section 5-5A-17 - Remuneration of Officers and Directors

Section 5-5A-18 - Eligibility for Membership

Section 5-5A-19 - Meetings; Quorum

Section 5-5A-20 - Voting

Section 5-5A-21 - Amendments to Articles of Incorporation; Action on Bylaws

Section 5-5A-22 - Apportionment of Net Savings

Section 5-5A-23 - Auditing; Annual Report

Section 5-5A-24 - Consolidation, Merger, Transfer of Assets, Dissolution, or Division

Section 5-5A-25 - Division

Section 5-5A-26 - Applicability of Subtitle

Section 5-5A-27 - Organization of Economic Activity Under Subtitle Not Cause of Illegality in Itself

Section 5-5A-28 - Evidence of Membership Capital Not Security

Section 5-5A-29 - Applicability of General Corporation Law

Section 5-5A-30 - Short Title