Maryland Code, Corporations and Associations § 5-5A-12
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(a) The business and affairs of a cooperative shall be managed under the direction of a board of directors. Every cooperative shall have at least 5 directors.
(b) Except in the case of foreign cooperatives, at least 2 of the directors shall be residents of this State.
(c) Each director shall be a member of the cooperative or of a member cooperative.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-5A-12 - last updated December 31, 2021 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-5a-12/
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