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2022 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 5A - Maryland Consumer Cooperative Act
Section 5-5A-05 - Formation of Cooperative; Evidence of Membership Interest
Universal Citation:
MD Corporations and Associations Code § 5-5A-05 (2022)
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(a) A cooperative may be formed as a stock corporation or as a nonstock corporation.
(b) Membership interests may be evidenced by certificates of stock, certificates of membership, or notification of credit to a member’s capital or ownership account.
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