Md. Code, Corporations and Associations § 5-5A-12

Md. Code, Corporations and Associations § 5-5A-12
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(a) The business and affairs of a cooperative shall be managed under the direction of a board of directors. Every cooperative shall have at least 5 directors. (b) Except in the case of foreign cooperatives, at least 2 of the directors shall be residents of this State. (c) Each director shall be a member of the cooperative or of a member cooperative.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=5-5A-12&enactments=falseFetched: 10/16/2026

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