There is a newer version of the Maryland Code
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2016 Maryland Code
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 5 - Agricultural Cooperatives
§ 5-512. Management of cooperative; number and qualifications of directors

MD Corp & Assn Code § 5-512 (2016) What's This?

(a) Management of cooperative. -- The business and affairs of a cooperative shall be managed under the direction of a board of directors.

(b) Number and qualifications of directors. -- 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.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.