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2021 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 5 - Agricultural Cooperatives
Section 5-502 - Purposes of Incorporation
Universal Citation:
MD Corporations and Associations Code Ann. § 5-502 (2021)
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A cooperative may be incorporated for any combination of the following purposes:
(1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products;
(2) To act as a selling or buying agent for its members; and
(3) To purchase or otherwise acquire goods or services for its members.
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