(a) (1) A cooperative may operate as an agent to sell the products of its members or nonmember patrons on a nonprofit basis by contracting to pay the members or nonmember patrons the resale price for products sold by them to or through the cooperative, less a uniform charge to cover the expenses involved in the handling of these products. (2) The resale price shall be: (i) The actual resale price; or (ii) A price based on the average price during any period for products of the same type and quality. (3) The uniform charge for expenses shall be: (i) Specified in the contract; (ii) Made otherwise ascertainable; or (iii) Left for determination by the directors. (b) A cooperative desiring to purchase goods or obtain or perform services under this subtitle may operate on a nonprofit basis in a manner similar to that described in this section.
Maryland Legal Code