Md. Code, Corporations and Associations § 5-601
This is the official text of Md. Code, Corporations and Associations § 5-601, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–601.
Official statutory text
(a) In this subtitle the following words have the meanings indicated.
(b) “Commission” means the Public Service Commission.
(c) “Cooperative” means a corporation that:
(1) Is organized under this subtitle; or
(2) Becomes subject to this subtitle in the manner provided in this subtitle.
(d) “Electric plant” means the material, equipment, and property owned by a cooperative and used or to be used for or in connection with electric service.
(e) “Member” means a person or household that has been qualified and accepted for membership in a cooperative in accordance with its bylaws.
(f) “Member–regulated cooperative” means a cooperative:
(1) That provides retail electric service to its members on the Eastern Shore of Maryland; and
(2) Whose board of directors has passed a binding resolution to operate as a member–regulated cooperative.
(g) (1) “Person” has the meaning stated in § 1–101 of this article.
(2) “Person” includes:
(i) The State;
(ii) A county, municipal corporation, or other political subdivision of the State; and
(iii) A unit of federal, State, or local government.
(b) “Commission” means the Public Service Commission.
(c) “Cooperative” means a corporation that:
(1) Is organized under this subtitle; or
(2) Becomes subject to this subtitle in the manner provided in this subtitle.
(d) “Electric plant” means the material, equipment, and property owned by a cooperative and used or to be used for or in connection with electric service.
(e) “Member” means a person or household that has been qualified and accepted for membership in a cooperative in accordance with its bylaws.
(f) “Member–regulated cooperative” means a cooperative:
(1) That provides retail electric service to its members on the Eastern Shore of Maryland; and
(2) Whose board of directors has passed a binding resolution to operate as a member–regulated cooperative.
(g) (1) “Person” has the meaning stated in § 1–101 of this article.
(2) “Person” includes:
(i) The State;
(ii) A county, municipal corporation, or other political subdivision of the State; and
(iii) A unit of federal, State, or local government.
Status: in_force · Read it on the official government site
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