§ 5–611
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-611 (2026)
Title 5. Special Types of Corporations
Subtitle 6. Electric Cooperatives
§ 5–611LinkCopy Citation
(a)
The board of directors shall adopt the initial bylaws of a cooperative after an incorporation, conversion, merger, or consolidation.
(b)
After adoption of the initial bylaws, the members shall adopt, amend, or repeal the bylaws by the affirmative vote of a majority of the members voting on the matter at a meeting of the members.
(c)
The bylaws:
(1)
Shall state the rights and duties of members and directors; and
(2)
May contain other provisions for the regulation and management of the affairs of the cooperative that are consistent with this subtitle and the articles of incorporation.