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Ch. 135
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2002 LAWS OF MARYLAND
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similar provisions of the Maryland General Corporation Law. See, e.g., §§ 3-113(a)(1),
3-208(a), 3-405(a), 3-408(a), and 3-510 of this article. Correspondingly, in
subsections (d)(1)(ii) and (f)(2) of this section, the references to certain documents
being "accepted for record by" the Department are substituted for the former
references to the documents being "filed by" the Department, and in subsection
(d)(4)(ii)1 of this section, the reference to the date "on which the certificate of election
to dissolve is. accepted for record by" the Department is substituted for the former
reference to the date "of the filing of the certificate by" the Department.
Also in subsection (d)(1)(i) of this section, the requirement to cease "doing
business" is substituted for the former requirement to cease "carry[ing] on ...
business" for consistency with the language used in subsection (a) of this section and
in § 5-631(a) and (c)(2)(i) of this subtitle.
Also in subsection (d)(1)(i) of this section, the reference to winding up "its
business and affairs" is substituted for the former reference to winding up "thereof"
for clarity and consistency within this section.
In subsection (d)(2)(ii) of this section, the reference to a newspaper "published"
in the county in which the principal office of the cooperative is located is added for
clarity.
In subsections (d)(3) and (4)(i) and (f)(4) of this section, the former references to
"paying]" debts, obligations, and liabilities is deleted as included in the references to
"discharg[ing]" debts, obligations, and liabilities.
In subsection (d)(3) and (4)(i) of this section, the references to "money" are
substituted for the former references to "sums" for clarity.
In subsection (d)(3) of this section, the former requirement to "settle" the
business and affairs of the cooperative is deleted as unnecessary in light of the
requirement to "wind up" the business and affairs of the cooperative.
Also in subsection (d)(3) of this section, the former reference to "property" is
deleted as included in the defined term "assets", which is defined, in part, to mean
"any tangible, intangible, real, or personal property".
In subsection (d)(4)(i) and the introductory language of (d)(4)(ii) of this section,
the references to "current" members are added for clarity.
In subsection (d)(4)(ii)2 of this section, the former reference to the period of its
existence "prior to such filing" is deleted as implicit.
In subsection (e)(1) of this section, the requirement to authorize the execution of
articles of dissolution "[a]fter winding up the business and affairs of the cooperative
as provided in subsection (d) of this section" is substituted for the former requirement
to authorize the execution of the articles "thereupon" for clarity.
In subsection (f)(3) of this section, the former reference to "suits" is deleted as
included in the reference to "actions".
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- 1438 -
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