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§ 5-5A-28. Membership capital, not a security

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-28
§ 5-5A-28. Membership capital, not a security
Cooperative stock, membership interest, or other evidence of membership capital is not a security under the Maryland Securities Act1 or any law related to that Act.

Credits

Added by Acts 1985, c. 739.

Footnotes

Corporations and Associations, § 11-101 et seq.
MD Code, Corporations and Associations, § 5-5A-28, MD CORP & ASSNS § 5-5A-28
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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