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§ 5-5A-05. Evidence of membership interest

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 5a. Maryland Consumer Cooperative Act
MD Code, Corporations and Associations, § 5-5A-05
§ 5-5A-05. Evidence of membership interest
Stock corporation or nonstick corporation
(a) A cooperative may be formed as a stock corporation or as a nonstock corporation.
Evidence of membership interest
(b) Membership interests may be evidenced by certificates of stock, certificates of membership, or notification of credit to a member's capital or ownership account.

Credits

Added by Acts 1985, c. 739.
MD Code, Corporations and Associations, § 5-5A-05, MD CORP & ASSNS § 5-5A-05
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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