Md. Code, Corporations and Associations § 5-638
This is the official text of Md. Code, Corporations and Associations § 5-638, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–638.
Official statutory text
(a) A member–regulated cooperative shall make available to its members:
(1) Rate schedules, tariffs, and terms and conditions of service;
(2) Financial and statistical information regarding:
(i) Operating revenues;
(ii) Revenues per rate class;
(iii) Number of members per rate class; and
(iv) Number of meters per rate class;
(3) Data and information concerning load management, energy conservation, and other similar programs;
(4) Information concerning ongoing consumer education programs; and
(5) Information concerning the member–regulated cooperative’s performance, including income statements, balance sheets, and reliability data.
(b) A member–regulated cooperative may not adopt a new rate or increase or decrease its rates or charges for the services it provides unless the member–regulated cooperative provides to its members:
(1) Notice of the proposed rates;
(2) The opportunity to comment on the proposed rates; and
(3) The opportunity to observe the portion of the meeting in which the board of directors votes on the proposed rates.
(1) Rate schedules, tariffs, and terms and conditions of service;
(2) Financial and statistical information regarding:
(i) Operating revenues;
(ii) Revenues per rate class;
(iii) Number of members per rate class; and
(iv) Number of meters per rate class;
(3) Data and information concerning load management, energy conservation, and other similar programs;
(4) Information concerning ongoing consumer education programs; and
(5) Information concerning the member–regulated cooperative’s performance, including income statements, balance sheets, and reliability data.
(b) A member–regulated cooperative may not adopt a new rate or increase or decrease its rates or charges for the services it provides unless the member–regulated cooperative provides to its members:
(1) Notice of the proposed rates;
(2) The opportunity to comment on the proposed rates; and
(3) The opportunity to observe the portion of the meeting in which the board of directors votes on the proposed rates.
Status: in_force · Read it on the official government site
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