§ 5-512. Management of cooperative; number and qualifications of directors

MD Corp & Assn Code § 5-512 (2019) (N/A)
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(a)    The business and affairs of a cooperative shall be managed under the direction of a board of directors.

(b)    Every cooperative shall have at least five directors, at least two of whom are residents of the State and each of whom is a member of the cooperative or of a member cooperative.