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§ 5-6B-13. Cooperative interest not 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 6b. Maryland Cooperative Housing Corporation Act (Refs & Annos)
MD Code, Corporations and Associations, § 5-6B-13
§ 5-6B-13. Cooperative interest not security
Currentness
In general
(a) A cooperative interest is not a security under the Maryland Securities Act.1
Application of other laws
(b) The provisions of Title 8 of the Commercial Law Article where consistent with this article shall apply to membership certificates in cooperative housing corporations.

Credits

Added by 1986, c. 833, 834.

Footnotes

1
Corporations and Associations, § 11-101 et seq.
MD Code, Corporations and Associations, § 5-6B-13, MD CORP & ASSNS § 5-6B-13
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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