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§ 5-5A-20. Members entitled to vote

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-20
§ 5-5A-20. Members entitled to vote
In general
(a) Only members shall be entitled to vote in a cooperative.
Cooperative bylaw requirements
(b) Except as to federated cooperatives, the bylaws of a cooperative shall provide for voting on a 1 vote per member basis.
Federative cooperative articles of incorporation or bylaws
(c) In a federated cooperative, the voting rights of members may be prescribed in the articles of incorporation or bylaws. Voting may not be based solely on the amount of investment by a member or on membership capital attributable to a member.
Voting by mail
(d) Voting by mail may be permitted as provided in the articles of incorporation or bylaws of a cooperative.
Delegates
(e)(1) Subject to the provisions of this subtitle, the bylaws of a cooperative may provide for the nomination and election of delegates to represent the membership.
(2) Where election of delegates has been provided for in the bylaws, unless otherwise stated in the bylaws, a reference in the bylaws to members will be considered to be a reference to delegates.

Credits

Added by Acts 1985, c. 739.
MD Code, Corporations and Associations, § 5-5A-20, MD CORP & ASSNS § 5-5A-20
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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