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§ 5-608. Articles of incorporation

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 6. Electric Cooperatives
Part II. Formation and Powers
MD Code, Corporations and Associations, § 5-608
§ 5-608. Articles of incorporation
Currentness
Required provisions
(a) The articles of incorporation of a cooperative shall contain:
(1) The name of the cooperative;
(2) The address of the principal office of the cooperative;
(3) The name and address of the resident agent of the cooperative;
(4) The name and address of each incorporator;
(5) The name and address of each director; and
(6) A statement that the articles are executed in accordance with this subtitle.
Permissible provisions
(b) The articles of incorporation of a cooperative may contain any provision that:
(1) Is consistent with this subtitle; and
(2) Is considered necessary or advisable for the conduct of the business of the cooperative.
Unnecessary provisions
(c) The articles of incorporation need not state the purpose for which the cooperative is organized or any of its corporate powers.
Execution of articles
(d) The articles of incorporation shall be signed by each incorporator and acknowledged by at least two of the incorporators, or on their behalf, if they are cooperatives.

Credits

Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002.
MD Code, Corporations and Associations, § 5-608, MD CORP & ASSNS § 5-608
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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