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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Subject to subsection (b) of this section, within 180 days after providing a certification to the Commission under § 5-635(h) of this subtitle, the cooperative's board of directors, by a supermajority vote, shall:
(1) Adopt bylaws for the member-regulated cooperative; and
(2) Amend the cooperative's articles of incorporation to reflect the cooperative's conversion to being a member-regulated cooperative.
(b) The bylaws and amended articles of incorporation shall:
(1) Authorize the member-regulated cooperative to provide broadband Internet service;
(2) Establish a plan for making broadband Internet service available to members in a manner that maximizes deployment with available financial resources;
(3) Include an allocation method in accordance with § 5-607(c) of this subtitle to ensure that electric customers do not subsidize the cost of broadband Internet service; and
(4) Except as provided in § 5-637(a)(2) of this subtitle, be consistent with this subtitle.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-636 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-636/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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