Maryland Statutes
Title 5 - Special Types of Corporations
Subtitle 5 - Agricultural Cooperatives

Section 5-501 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-502 - Purposes of Incorporation - A cooperative may be incorporated for any combination of the...

Section 5-503 - Who May Incorporate; Capital Stock - (a) A cooperative may be organized by: (1) Five or...

Section 5-504 - Powers in General - A cooperative has the power to: (1) Engage in or...

Section 5-505 - Articles of Incorporation -- Execution; Contents - (a) The incorporators of a cooperative shall sign, acknowledge, and...

Section 5-506 - Articles of Incorporation -- Amendment - The charter of a cooperative may be amended as provided...

Section 5-507 - Corporation May Be Converted Into Cooperative - (a) Any Maryland corporation organized under the Maryland General Corporation...

Section 5-508 - Stock - (a) A cooperative may: (1) Limit the sale of its...

Section 5-509 - Payment by Subscriber Before Certificate of Stock or Membership Issued - A stock certificate may not be issued to any subscriber...

Section 5-510 - Use of Term "Cooperative" in Corporate Name - (a) Except for an electric or transportation cooperative, a person...

Section 5-511 - Bylaws - (a) Within 30 days after the Department accepts for record...

Section 5-512 - Management of Cooperative; Number and Qualifications of Directors - (a) The business and affairs of a cooperative shall be...

Section 5-513 - Original Directors; Election and Term of Successors - (a) Until the first annual meeting of members and until...

Section 5-514 - Election of Directors by Districts - (a) Subject to the provisions of this section, the bylaws...

Section 5-515 - Vacancies on Board of Directors - (a) If a vacancy on the board of directors occurs...

Section 5-516 - Compensation and Contracts of Officers and Directors - (a) A cooperative may provide a fair remuneration for the...

Section 5-517 - Required and Permitted Officers - (a) Each cooperative shall have the following officers: (1) A...

Section 5-518 - Removal of Director and Officer - (a) (1) Any member of a cooperative may bring charges...

Section 5-519 - Meetings - (a) (1) Every cooperative shall hold an annual meeting of...

Section 5-520 - Quorum - (a) The bylaws of a cooperative shall state the number...

Section 5-521 - Voting - (a) A member of a cooperative organized without capital stock...

Section 5-522 - Contracts With Members - (a) If otherwise lawful, a member may contract with his...

Section 5-523 - Membership in Another Cooperative - A cooperative may be a member of any other cooperative.

Section 5-524 - Transactions With Other Cooperatives - (a) The board of directors of a cooperative by resolution...

Section 5-525 - Patronage Distributions - (a) At the time and in the manner which its...

Section 5-526 - Operating on Nonprofit Basis - (a) (1) A cooperative may operate as an agent to...

Section 5-527 - Consolidation, Merger, Share Exchange, Transfer of Assets, or Dissolution - (a) A cooperative may consolidate, merge, participate in a share...

Section 5-528 - Payment When Another Business Is Purchased - (a) If a cooperative purchases the business of another person,...

Section 5-529 - Audit of Financial Statement of Cooperative Handling Raw Agricultural Products - (a) If raw agricultural products are delivered by members to...

Section 5-530 - Cooperative and Marketing Agreements Not in Restraint of Trade - (a) A cooperative is not a combination in restraint of...

Section 5-531 - Application of Maryland General Corporation Law - The Maryland General Corporation Law applies to every cooperative except...

Section 5-532 - Penalties - (a) (1) Any person who violates the provisions of §...