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Session Laws, 1986
Volume 768, Page 1456   View pdf image
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1456                                       LAWS OF MARYLAND                                   Ch. 378

(4) That membership in the entity must be available
on a voluntary basis and be open to all persons who can make use
of its services and are willing to accept the responsibilities of
membership; and

(5) That the entity is engaged in providing goods or
services for the primary and mutual benefit of the membership.

5-5A-08.

(f) A nonstock voting membership shall be continuing unless
terminated by:

(1)  A written request from the member; OR

(2)  [The member's failure to patronize the facilities
or vote in any election of the consumer cooperative for 3

consecutive years; or

(3)] The member's failure to comply with the articles
of incorporation or bylaws of the cooperative after receiving
notice as required in the bylaws.

5-5A-10.

The following cooperatives are entitled to use the word
"cooperative", or any abbreviation or derivation thereof, as part
of their business names, or to represent themselves in their
advertising or otherwise as conducting business on a cooperative
basis:

(1)  Cooperatives organized under this subtitle[,] OR
Subtitle 5, Agricultural Cooperatives[, or Subtitle 5B, Housing

Cooperatives];

(2)  Entities organized under any other law of this
State that are operated on a cooperative basis INCLUDING HOUSING

COOPERATIVES; or ;

(3)  Foreign corporations operating on a cooperative
basis and authorized to do business in this State; OR

(4) HOUSING COOPERATIVES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 13, 1986.

 

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Session Laws, 1986
Volume 768, Page 1456   View pdf image
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