Md. Code, Corporations and Associations § 5-510

This is the official text of Md. Code, Corporations and Associations § 5-510, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.

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§5–510.

Official statutory text

(a) Except for an electric or transportation cooperative, a person may not use the term “cooperative” as part of his corporate or business name unless he has complied with the provisions of this subtitle.

(b) A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term “cooperative” in this State if it:

(1) Complies with the laws of this State applicable to foreign corporations; and

(2) Does business as a cooperative.

(c) Every cooperative shall use the term “cooperative” as part of or affixed to its corporate name.

Status: in_force · Read it on the official government site

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