There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 5-5A-12
§ 5-5A-12.
  (a)   The business and affairs of a cooperative shall be managed under the direction of a board of directors. Every cooperative shall have at least 5 directors.
  (b)   Except in the case of foreign cooperatives, at least 2 of the directors shall be residents of this State.
  (c)   Each director shall be a member of the cooperative or of a member cooperative.
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