§ 5–510
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-510 (2026)
Title 5. Special Types of Corporations
Subtitle 5. Agricultural Cooperatives
§ 5–510LinkCopy Citation
(a)
Except for an electric or transportation cooperative, a person may not use the term “cooperative” as part of his corporate or business name unless he has complied with the provisions of this subtitle.
(b)
A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term “cooperative” in this State if it:
(1)
Complies with the laws of this State applicable to foreign corporations; and
(2)
Does business as a cooperative.
(c)
Every cooperative shall use the term “cooperative” as part of or affixed to its corporate name.