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§ 5-502. Permissible purposes

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 5. Agricultural Cooperatives
MD Code, Corporations and Associations, § 5-502
§ 5-502. Permissible purposes
Currentness
A cooperative may be incorporated for any combination of the following purposes:
(1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products;
(2) To act as a selling or buying agent for its members; and
(3) To purchase or otherwise acquire goods or services for its members.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 351.
MD Code, Corporations and Associations, § 5-502, MD CORP & ASSNS § 5-502
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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