Md. Code, Corporations and Associations § 4A-12A-04
This is the official text of Md. Code, Corporations and Associations § 4A-12A-04, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4A–12A–04.
Official statutory text
§4A–12A–04. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a) A limited liability company may elect to be a limited worker cooperative association under this subtitle by including in its articles of organization a statement that the limited liability company is a limited worker cooperative association.
(b) A limited liability company that has elected to be a limited worker cooperative association may further elect to be a collective worker cooperative by including in its articles of organization a statement that it is a collective worker cooperative.
(c) Unless the limited worker cooperative association has elected to be a collective worker cooperative, the articles of organization of a limited worker cooperative association shall include the names of those individuals who will serve as representatives until their successors are elected and qualify.
(d) The name of a limited worker cooperative association shall comply with the requirements of Title 1, Subtitle 5 of this article.
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a) A limited liability company may elect to be a limited worker cooperative association under this subtitle by including in its articles of organization a statement that the limited liability company is a limited worker cooperative association.
(b) A limited liability company that has elected to be a limited worker cooperative association may further elect to be a collective worker cooperative by including in its articles of organization a statement that it is a collective worker cooperative.
(c) Unless the limited worker cooperative association has elected to be a collective worker cooperative, the articles of organization of a limited worker cooperative association shall include the names of those individuals who will serve as representatives until their successors are elected and qualify.
(d) The name of a limited worker cooperative association shall comply with the requirements of Title 1, Subtitle 5 of this article.
Status: in_force · Read it on the official government site
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