§ 5–509
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-509 (2026)
Title 5. Special Types of Corporations
Subtitle 5. Agricultural Cooperatives
§ 5–509LinkCopy Citation
A stock certificate may not be issued to any subscriber until the stock is full paid. In a cooperative organized without capital stock, a certificate of membership may not be issued to any person until the membership fee is paid in full.