2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-6B-18 - Assignment of votes


MD Corp & Assn Code § 5-6B-18 (2013) What's This?

(a) Each unit to have one vote. -- Except as otherwise provided in the articles of incorporation or bylaws, the votes in a cooperative housing corporation shall be assigned so that each unit has one vote.

(b) Mergers or consolidations for the purpose of circumventing subtitle. -- Cooperative housing corporations shall not engage in mergers or consolidations if such action is undertaken for the purpose of circumventing §§ 5-6B-02 through 5-6B-12 of this subtitle.

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