Cooperative interests not security or investment security

  1. Law
  2. Maryland Code
  3. Corporations and Associations
  4. Special Types of Corporations
  5. Maryland Cooperative Housing Corporation Act
  6. Cooperative interests not security or investment security

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    (a)    A cooperative interest is not a security under the Maryland Securities Act.

    (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.


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