SPIRO T. AGNEW, Governor                      1381

this State, if such corporation is or intends doing business upon a
cooperative basis, as defined in Section 349 (b) of this Article may con-
vert itself into a cooperative association under this subtitle, by [a
majority vote of its members at any regular or special meeting
legally called] an amendment to its charter adopted in accordance
with Sections 10-12 of this Article. Such amendment shall

(i) State that the corporation elects to become a cooperative
association subject to the provisions of this subtitle,

(ii) Make all such changes in the charter as are necessary for
such purposes, and

(iii) Shall set SET forth a complete restatement of the charter as
amended, which shall constitute the entire charter of the cooperative
association and supersede all prior charter papers, upon acceptance
for record of said restatement of the charter by the Department and
payment of the fees and bonus tax, if any, provided by law. [The
president and secretary of said association, within thirty days after
said meeting, shall file with the State Tax Commission a declaration,
signed and sworn to by said officers, to the effect that said corporation
has by a majority vote of its members decided to convert itself into a
cooperative association under this subtitle. The recording fees, their
disposition and the disposition of the declaration shall be the same as
for an original article of incorporation.]

376. Not Considered as Combination in Restraint of Trade.

No association [organized under this subtitle] shall be deemed to
be a combination in restraint of trade or an illegal monopoly[;], or an
attempt to lessen competition or fix prices arbitrarily[,]; nor shall
the marketing contracts or agreements authorized in this subtitle be
considered illegal or in restraint of trade.

377. When Term "Cooperative" may be used; Penalty for Vio-
lation of Sections Applying to Associations or Violation
of General Corporation Law.

(a)    No person, partnership, corporation or association hereafter
organized in this State, other than an electric cooperative as defined
in Section 881 (a), shall be entitled to use the term, "cooperative" as a
part of its corporate or other business name or title unless it has com-
plied with the provisions of this subtitle, except that any foreign
corporation, organized under and complying with the cooperative
law of the state of such corporation's creation, shall be entitled to
use the term "cooperative" in this State provided that said corpora-
tion has complied with the laws of this State applicable to other
foreign corporations [in so far] insofar as those laws are applicable
to said corporation, and provided, further, that said corporation is
doing business upon a cooperative basis, as denned in Section 349(b)
of this article.

(b)   Every association [organized under this subtitle] shall use the
term "cooperative" as part of its corporate name or affixed thereto.

[(c) Every corporation or association in existence on July 1,
1922, which is affected by any provision hereof, shall have until July
1st, 1923, to comply with such provisions, and any such corporation
or association, which is required by any provision of this subtitle to