§ 5-5A-20. Members entitled to vote
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-5A-20
§ 5-5A-20. Members entitled to vote
(b) Except as to federated cooperatives, the bylaws of a cooperative shall provide for voting on a 1 vote per member basis.
(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.
(d) Voting by mail may be permitted as provided in the articles of incorporation or bylaws of a cooperative.
(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.
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 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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