Maryland Corporations and Associations Section 5-507

      (a)      Any Maryland corporation organized under the Maryland General Corporation Law which does or intends to do business on a cooperative basis may convert itself into a cooperative by amending and restating its charter in accordance with Title 2, Subtitle 6 of this article.

      (b)      The articles of amendment and restatement shall:

            (1)      State that the corporation elects to become a cooperative under this subtitle;

            (2)      Make every change in the charter necessary to become a cooperative; and

            (3)      Contain a complete restatement of the charter as amended.