Md. Code, Corporations and Associations § 5-507
This is the official text of Md. Code, Corporations and Associations § 5-507, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–507.
Official statutory text
(a) Any Maryland corporation organized under the Maryland General Corporation Law which does or intends to do business on a cooperative basis may convert itself into a cooperative by amending and restating its charter in accordance with Title 2, Subtitle 6 of this article.
(b) The articles of amendment and restatement shall:
(1) State that the corporation elects to become a cooperative under this subtitle;
(2) Make every change in the charter necessary to become a cooperative; and
(3) Contain a complete restatement of the charter as amended.
(b) The articles of amendment and restatement shall:
(1) State that the corporation elects to become a cooperative under this subtitle;
(2) Make every change in the charter necessary to become a cooperative; and
(3) Contain a complete restatement of the charter as amended.
Status: in_force · Read it on the official government site
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