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§ 5-5a-12 — Maryland Law | CourtGPT
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  6. Subtitle 5a - Maryland Consumer Cooperative Act/
  7. § 5-5a-12
Maryland Legal Code

§ 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.