Md. Code, Corporations and Associations § 5-611

Md. Code, Corporations and Associations § 5-611
in effect
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(a) The board of directors shall adopt the initial bylaws of a cooperative after an incorporation, conversion, merger, or consolidation. (b) After adoption of the initial bylaws, the members shall adopt, amend, or repeal the bylaws by the affirmative vote of a majority of the members voting on the matter at a meeting of the members. (c) The bylaws: (1) Shall state the rights and duties of members and directors; and (2) May contain other provisions for the regulation and management of the affairs of the cooperative that are consistent with this subtitle and the articles of incorporation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=5-611&enactments=falseFetched: 10/16/2026

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