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2020 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 6B - Maryland Cooperative Housing Corporation Act
Section 5-6B-13 - Cooperative Interests Not Security or Investment Security
Universal Citation: MD. Corporations and Associations Code Ann. § 5-6B-13 (2020)
(a) A cooperative interest is not a security under the Maryland Securities Act.
(b) The provisions of Title 8 of the Commercial Law Article where consistent with this article shall apply to membership certificates in cooperative housing corporations.
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