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Section 5-510 - Use of Term "Cooperative" in Corporate Name — Maryland Law | CourtGPT
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  7. Section 5-510 - Use of Term "Cooperative" in Corporate Name
Maryland Legal Code

Section 5-510 - Use of Term "Cooperative" in Corporate Name

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(a) Except for an electric or transportation cooperative, a person may not use the term 'cooperative' as part of his corporate or business name unless he has complied with the provisions of this subtitle. (b) A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term 'cooperative' in this State if it: (1) Complies with the laws of this State applicable to foreign corporations; and (2) Does business as a cooperative. (c) Every cooperative shall use the term 'cooperative' as part of or affixed to its corporate name.