Maryland Corporations and Associations Section 5-5A-12

Article - Corporations and Associations

§ 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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