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§ 5-601. Definitions

West's Annotated Code of MarylandCorporations and AssociationsEffective: May 8, 2020

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6. Electric Cooperatives
Part I. Definitions; General Provisions
Effective: May 8, 2020
MD Code, Corporations and Associations, § 5-601
§ 5-601. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Commission
(b) “Commission” means the Public Service Commission.
Cooperative
(c) “Cooperative” means a corporation that:
(1) Is organized under this subtitle; or
(2) Becomes subject to this subtitle in the manner provided in this subtitle.
Electric plant
(d) “Electric plant” means the material, equipment, and property owned by a cooperative and used or to be used for or in connection with electric service.
Member
(e) “Member” means a person or household that has been qualified and accepted for membership in a cooperative in accordance with its bylaws.
Member-regulated cooperative
(f) “Member-regulated cooperative” means a cooperative:
(1) That provides retail electric service to its members on the Eastern Shore of Maryland; and
(2) Whose board of directors has passed a binding resolution to operate as a member-regulated cooperative.
Person
(g)(1) “Person” has the meaning stated in § 1-101 of this article.
(2) “Person” includes:
(i) The State;
(ii) A county, municipal corporation, or other political subdivision of the State; and
(iii) A unit of federal, State, or local government.

Credits

Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002. Amended by Acts 2020, c. 606, § 2, eff. May 8, 2020.
MD Code, Corporations and Associations, § 5-601, MD CORP & ASSNS § 5-601
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.
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