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§ 5-512. Number and qualifications of directors

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, § 5-512
§ 5-512. Number and qualifications of directors
Currentness
Management
(a) The business and affairs of a cooperative shall be managed under the direction of a board of directors.
Qualifications
(b) Every cooperative shall have at least five directors, at least two of whom are residents of the State and each of whom is a member of the cooperative or of a member cooperative.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1976, c. 694.
Formerly Art. 23, § 360.
MD Code, Corporations and Associations, § 5-512, MD CORP & ASSNS § 5-512
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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