WILLIAM DONALD SCHAEFER, Governor Ch. 354
(1985 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Corporations and Associations

5-5A-24.

(a) (1) [A] EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, A cooperative may consolidate, merge, transfer
assets, dissolve, or divide in the manner provided in Title 3 of
this article.

(2) (I) IN THE CASE OF A COOPERATIVE WITH MORE THAN
10,000 VOTING MEMBERS, WHEREVER TITLE 3 OF THIS ARTICLE REQUIRES
THE AFFIRMATIVE VOTE OF THE MEMBERS OR STOCKHOLDERS, THE MEMBERS
AND STOCKHOLDERS ENTITLED TO VOTE SHALL APPROVE THE
CONSOLIDATION, MERGER, TRANSFER OF ASSETS, DISSOLUTION, OR
DIVISION IN THE MANNER PROVIDED FOR IN SECTION 5-5A-21(A)(3) OF
THIS ACT SUBTITLE FOR AMENDMENTS TO THE ARTICLES OF
INCORPORATION.

(II) THIS PROVISION IS RESERVED FOR THE MEMBERS
AND MAY NOT BE THE PREROGATIVE OF THE DELEGATES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 17, 1988.

CHAPTER 354

(Senate Bill 832)

AN ACT concerning

Baltimore City - General Powers

FOR the purpose of authorizing Baltimore City to acquire certain
land and property, subject to a certain condition and for a
certain time, by eminent domain for or in connection with
the industrial and economic growth of the city; providing
that the authority to petition for the immediate taking of
property may not be exercised in connection with this Act;
and altering the provisions of a previous Act for the
automatic termination of certain condemnation authority of
the City of Baltimore.

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