Md. Code, Corporations and Associations § 5-5A-05
Md. Code, Corporations and Associations § 5-5A-05
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca§ion=5-5A-05&enactments=falseFetched: 10/16/2026
