Md. Code, Corporations and Associations § 5-5A-28
Md. Code, Corporations and Associations § 5-5A-28
in effectCooperative stock, membership interest, or other evidence of membership capital is not a security under the Maryland Securities Act or any law related to that Act.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca§ion=5-5A-28&enactments=falseFetched: 10/16/2026
