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§ 5-510. Corporate name

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, § 5-510
§ 5-510. Corporate name
Currentness
When “cooperative” may be used
(a) Except for an electric or transportation cooperative, a person may not use the term “cooperative” as part of his corporate or business name unless he has complied with the provisions of this subtitle.
Foreign corporations
(b) A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term “cooperative” in this State if it:
(1) Complies with the laws of this State applicable to foreign corporations; and
(2) Does business as a cooperative.
Cooperatives
(c) Every cooperative shall use the term “cooperative” as part of or affixed to its corporate name.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 377.
MD Code, Corporations and Associations, § 5-510, MD CORP & ASSNS § 5-510
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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