Maryland Statutes
Part VI - Member-Regulated Cooperatives
Section 5-636 - Adoption of Bylaws and Articles of Incorporation

(a)    Subject to subsection (b) of this section, within 180 days after providing a certification to the Commission under § 5–635(h) of this subtitle, the cooperative’s board of directors, by a supermajority vote, shall:
        (1)    Adopt bylaws for the member–regulated cooperative; and
        (2)    Amend the cooperative’s articles of incorporation to reflect the cooperative’s conversion to being a member–regulated cooperative.
    (b)    The bylaws and amended articles of incorporation shall:
        (1)    Authorize the member–regulated cooperative to provide broadband Internet service;
        (2)    Establish a plan for making broadband Internet service available to members in a manner that maximizes deployment with available financial resources;
        (3)    Include an allocation method in accordance with § 5–607(c) of this subtitle to ensure that electric customers do not subsidize the cost of broadband Internet service; and
        (4)    Except as provided in § 5–637(a)(2) of this subtitle, be consistent with this subtitle.

Structure Maryland Statutes