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-09. Conversion of corporation into consumer cooperative; adoption of name
Latest version.
-
If a corporation chartered under the general corporation law of this State converts into a consumer cooperative and conducts itself according to the principles outlined in this subtitle, the board of directors of the corporation may by a majority vote adopt a name that includes the word "cooperative" or any variation or abbreviation thereof.