Home Table of Contents

§ 5-618. Quorum

West's Annotated Code of MarylandCorporations and AssociationsEffective: July 1, 2021

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6. Electric Cooperatives
Part III. Members
Effective: July 1, 2021
MD Code, Corporations and Associations, § 5-618
§ 5-618. Quorum
Currentness
In general
(a) Unless the bylaws require the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative shall be:
(1) For a cooperative that has not more than 1,000 members, 5% of all members attending the meeting; and
(2) For a cooperative that has more than 1,000 members, 50 members attending the meeting.
Less than quorum
(b) If less than a quorum is present at any meeting, a majority of those in attendance may adjourn the meeting from time to time without further notice.

Credits

Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002. Amended by Acts 2021, c. 273, § 1, eff. July 1, 2021; Acts 2021, c. 274, § 1, eff. July 1, 2021.
MD Code, Corporations and Associations, § 5-618, MD CORP & ASSNS § 5-618
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document