§ 5–5A-05
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-5A-05 (2026)
Title 5. Special Types of Corporations
Subtitle 5A. Maryland Consumer Cooperative Act
§ 5–5A-05LinkCopy Citation
(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.