There is a newer version of the Maryland Code
2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-512 - Management of cooperative; number and qualifications of directors
MD Corp & Assn Code § 5-512 (2013) What's This?
§5-512.
(a) The business and affairs of a cooperative shall be managed under the direction of a board of directors.
(b) Every cooperative shall have at least five directors, at least two of whom are residents of the State and each of whom is a member of the cooperative or of a member cooperative.
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