Maryland Statutes
Title 5 - Special Types of Corporations
Subtitle 5A - Maryland Consumer Cooperative Act

Section 5-5A-01 - Applicability of Subtitle - This subtitle does not apply to any cooperative existing or...

Section 5-5A-02 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-5A-03 - Incorporation of Consumer or Federated Cooperative; Permissible Business Activity - A consumer cooperative or a federated cooperative may be incorporated...

Section 5-5A-04 - Number Required for Incorporation - Any 5 or more adult individuals, or 2 or more...

Section 5-5A-05 - Formation of Cooperative; Evidence of Membership Interest - (a) A cooperative may be formed as a stock corporation...

Section 5-5A-06 - General Powers - Except for powers inconsistent with this subtitle, each cooperative may...

Section 5-5A-07 - Contents of Articles of Incorporation or Bylaws - (a) Within the limitations of this subtitle, the articles of...

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 - (a) A cooperative may limit in its articles of incorporation...

Section 5-5A-09 - Conversion of Corporation Into Consumer Cooperative; Adoption of Name - If a corporation chartered under the general corporation law of...

Section 5-5A-10 - Use of Word "Cooperative" in Conducting Business - The following cooperatives are entitled to use the word “cooperative”,...

Section 5-5A-11 - Bylaws - (a) Within 30 days after incorporation as a cooperative or...

Section 5-5A-12 - Management of Cooperative; Number and Qualifications of Directors - (a) The business and affairs of a cooperative shall be...

Section 5-5A-13 - Original Directors; Election and Term of Successors - (a) Until the first annual meeting of members and until...

Section 5-5A-14 - Bylaws Provision for Election of Directors and Delegates of Members - (a) The bylaws may provide for election of directors and...

Section 5-5A-15 - Officers - (a) Each cooperative shall have the following officers: (1) President...

Section 5-5A-16 - Removal of Directors, Officers, and Delegates - The bylaws of a cooperative shall provide for the process...

Section 5-5A-17 - Remuneration of Officers and Directors - The bylaws of a cooperative may provide for remuneration of...

Section 5-5A-18 - Eligibility for Membership - A person shall be eligible for membership in a cooperative...

Section 5-5A-19 - Meetings; Quorum - (a) (1) Every cooperative shall hold at least an annual...

Section 5-5A-20 - Voting - (a) Only members shall be entitled to vote in a...

Section 5-5A-21 - Amendments to Articles of Incorporation; Action on Bylaws - (a) (1) Amendments to the articles of incorporation may be...

Section 5-5A-22 - Apportionment of Net Savings - (a) At least annually the directors of the cooperative, as...

Section 5-5A-23 - Auditing; Annual Report - (a) (1) Each cooperative shall have an audit committee as...

Section 5-5A-24 - Consolidation, Merger, Transfer of Assets, Dissolution, or Division - (a) (1) Except as provided in paragraph (2) of this...

Section 5-5A-25 - Division - (a) (1) A cooperative may divide itself into 2 or...

Section 5-5A-26 - Applicability of Subtitle - (a) (1) Any entity operating on a cooperative basis as...

Section 5-5A-27 - Organization of Economic Activity Under Subtitle Not Cause of Illegality in Itself - The fact that economic activity of a cooperative or of...

Section 5-5A-28 - Evidence of Membership Capital Not Security - Cooperative stock, membership interest, or other evidence of membership capital...

Section 5-5A-29 - Applicability of General Corporation Law - The Maryland General Corporation Laws are applicable to cooperatives, except...

Section 5-5A-30 - Short Title - This subtitle may be cited as the “Maryland Consumer Cooperative...