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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: - Maryland Code, Corporations and Associations § 5-5A-12 - last updated December 31, 2021 |

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