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§ 5-521. Voting by proxy and mail

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, § 5-521
§ 5-521. Voting by proxy and mail
Currentness
Single vote
(a) A member of a cooperative organized without capital stock and a holder of stock, whether common or preferred, is entitled to only one vote.
Proxy
(b) Voting by proxy is prohibited in any cooperative. Voting by mail is not voting by proxy.
Written votes
(c) At any meeting of members, a signed written vote received by mail from any absent member may be read at the meeting and is equivalent to a vote of the member if:
(1) The member was notified in writing of the exact motion or resolution on which the vote is taken; and
(2) A copy of the motion or resolution is attached to the vote mailed by him.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 366.
MD Code, Corporations and Associations, § 5-521, MD CORP & ASSNS § 5-521
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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