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2017 Maryland Code
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 6 - Electric Cooperatives
Part II - Formation and Powers
§ 5-611. Bylaws
Universal Citation: MD Corp & Assn Code § 5-611 (2017)
- (a) Initial bylaws. -- The board of directors shall adopt the initial bylaws of a cooperative after an incorporation, conversion, merger, or consolidation.
- (b) Amendment or repeal of bylaws. -- After adoption of the initial bylaws, the members shall adopt, amend, or repeal the bylaws by the affirmative vote of a majority of the members voting on the matter at a meeting of the members.
- (c) Contents of bylaws. -- The bylaws:
- (1) Shall state the rights and duties of members and directors; and
- (2) May contain other provisions for the regulation and management of the affairs of the cooperative that are consistent with this subtitle and the articles of incorporation.
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