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Maryland Code, Corporations and Associations § 5-618

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Unless the bylaws require the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative shall be:

(1) For a cooperative that has not more than 1,000 members, 5% of all members attending the meeting; and

(2) For a cooperative that has more than 1,000 members, 50 members attending the meeting.

(b) If less than a quorum is present at any meeting, a majority of those in attendance may adjourn the meeting from time to time without further notice.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-618 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-618/

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