688                                              LAWS OF MARYLAND                                     Ch. 10

(2)  May not receive any return on capital;

(3)  May not be transferable; [and]

(4)  Does not entitle the owner to any receipts of the
proceeds of any dissolution, liquidation, or sale of the assets
of the corporation except after payment of not less than par
value to the holders of any class of outstanding capital stock;
and

(5)  Shall have a definite value for transfer or sale,
and a statement as to how this value is computed shall be
included in either the articles of incorporation, bylaws, or
subscription or occupancy agreement, of the consumer cooperative.
A copy of these documents shall be provided to any individual
wishing to purchase a membership certificate prior to the actual
purchase.

6-418.

(b) In addition to the provisions of this subtitle, the
following provisions of Article 48A of the Code apply to
societies to the extent applicable and not in conflict with the
express provisions and reasonable implications of this subtitle:

(1)  Subtitle 1 -- ["scope of article"] "DEFINITIONS
AND GENERAL PROVISIONS";

(2)  Subtitle 2 -- ["the Commissioner of Insurance,"]
"INSURANCE DIVISION AND INSURANCE COMMISSIONER" including § 41 --
"fees";

(3)  The following sections of Subtitle 3
["authorization of insurers and general requirements"] "INSURERS:
AUTHORIZATION AND GENERAL REQUIREMENTS":

(i) Section 45 -- "name of insurer"; and

(ii) Section 51 -- "management and
affiliations";

(4)  Section 201 -- "representing or aiding
unauthorized insurer prohibited";

(5)  Subtitle 15 -- "unfair trade practices";

(6)   [Section 383 -- "minor may give acquittance";

(7)  Section 267 -- "prohibited pecuniary interest of
officials";

(8)] Subtitle 11, § 172 -- "temporary licenses";

[(9)] (7) Subtitle 10 -- ["rehabilitations and
liquidations"] "REHABILITATION AND LIQUIDATION"; and