§ 5-615. Members
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-615
§ 5-615. Members
(a)(1) Each incorporator of a cooperative shall be a member of the cooperative.
(b) The bylaws may provide additional qualifications for and limitations on membership.
(c) The membership of a member of a cooperative who agrees to use electricity shall terminate if:
(e) Unless the bylaws provide otherwise, membership in a cooperative is not transferable.
Credits
Added by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002.
MD Code, Corporations and Associations, § 5-615, MD CORP & ASSNS § 5-615
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.
End of Document |