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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Within 30 days after the Department accepts for record the articles of incorporation of a cooperative or the articles of amendment and restatement of a corporation converting into a cooperative, the cooperative shall adopt bylaws not inconsistent with law or its charter for the regulation and management of its affairs.
(b) The bylaws of a cooperative may be adopted, altered, amended, or repealed only by the affirmative vote of two thirds of the members voting in person or by mail.
(c) The original or a certified copy of the bylaws and all amendments shall be kept at the principal office of the cooperative.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-511 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-511/
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