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§ 5-610. Name

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, § 5-610
§ 5-610. Name
Currentness
Required words
(a)(1) Except as provided in paragraph (2) of this subsection, the name of a cooperative or foreign corporation doing business in the State under this subtitle shall include:
(i) The words “Electric” and “Cooperative”; and
(ii) The abbreviation “Inc.”.
(2) A cooperative need not use any word specified under paragraph (1) of this subsection if:
(i) The cooperative wishes to do business in another state and is or would be precluded from doing business in that state because of the inclusion of the word in its name; and
(ii) An affidavit stating the cooperative's reason for not using the word is:
1. Made and filed with the Department by the cooperative's chairman or vice-chairman; or
2. Made by a person who signs articles of incorporation, consolidation, merger, or conversion for the cooperative and filed, together with the articles, with the Department.
Name to be distinguishable
(b) The name of a cooperative shall be distinguishable on the records of the Department as provided under § 1-504 of this article.

Credits

Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002.
MD Code, Corporations and Associations, § 5-610, MD CORP & ASSNS § 5-610
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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