Md. Code, Corp. & Ass'ns § 5-502

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 5-502 - Purposes of incorporation

A cooperative may be incorporated for any combination of the following purposes:

(1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products;

(2) To act as a selling or buying agent for its members; and

(3) To purchase or otherwise acquire goods or services for its members.

Md. Code, CA § 5-502