2013 Maryland Code
§ 5-510 - Use of term "cooperative" in corporate name

MD Corp & Assn Code § 5-510 (2013) What's This?


(a) Except for an electric or transportation cooperative, a person may not use the term “cooperative” as part of his corporate or business name unless he has complied with the provisions of this subtitle.

(b) A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term “cooperative” in this State if it:

(1) Complies with the laws of this State applicable to foreign corporations; and

(2) Does business as a cooperative.

(c) Every cooperative shall use the term “cooperative” as part of or affixed to its corporate name.

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