Formation of cooperative; evidence of membership interest

  1. Law
  2. Maryland Code
  3. Corporations and Associations
  4. Special Types of Corporations
  5. Maryland Consumer Cooperative Act
  6. Formation of cooperative; evidence of membership interest

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    (a)    A cooperative may be formed as a stock corporation or as a nonstock corporation.

    (b)    Membership interests may be evidenced by certificates of stock, certificates of membership, or notification of credit to a member’s capital or ownership account.


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