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§ 5-6B-18. Unit vote

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-18
§ 5-6B-18. Unit vote
(a) Except as otherwise provided in the articles of incorporation or bylaws, the votes in a cooperative housing corporation shall be assigned so that each unit has one vote.
(b) Cooperative housing corporations shall not engage in mergers or consolidations if such action is undertaken for the purpose of circumventing §§ 5-6B-02 through 5-6B-12 of this subtitle.

Credits

Acts 1986, c. 833, 834.
MD Code, Corporations and Associations, § 5-6B-18, MD CORP & ASSNS § 5-6B-18
Current through all legislation from the 2017 Regular Session of the General Assembly
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