Unannotated Code of Maryland (Last Updated: May 16, 2014) |
CORPORATIONS AND ASSOCIATIONS |
TITLE 5. SPECIAL TYPES OF CORPORATIONS |
SUBTITLE 5A. MARYLAND CONSUMER COOPERATIVE ACT |
§ 5-5A-03. Incorporation of consumer or federated cooperative; permissible business activity
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A consumer cooperative or a federated cooperative may be incorporated under this subtitle and engage in any lawful business to acquire, produce, manufacture, furnish, or distribute any goods or services on a cooperative basis for the mutual benefit of its members and patrons or the members and patrons of any member cooperative, or both.