Md. Code, Corporations and Associations § 4A-12A-12
This is the official text of Md. Code, Corporations and Associations § 4A-12A-12, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4A–12A–12.
Official statutory text
§4A–12A–12. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a) A limited worker cooperative association shall have an assembly as constituted by the body of all voting members.
(b) An individual is not an agent of a limited worker cooperative association solely by being a member of the assembly.
(c) A debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not a debt, an obligation, or a liability of a member of the assembly solely by reason of being a voting member.
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a) A limited worker cooperative association shall have an assembly as constituted by the body of all voting members.
(b) An individual is not an agent of a limited worker cooperative association solely by being a member of the assembly.
(c) A debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not a debt, an obligation, or a liability of a member of the assembly solely by reason of being a voting member.
Status: in_force · Read it on the official government site
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