§ 5-5A-05. Formation of cooperative; evidence of membership interest

MD Corp & Assn Code § 5-5A-05 (2019) (N/A)
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(a)    A cooperative may be formed as a stock corporation or as a nonstock corporation.

(b)    Membership interests may be evidenced by certificates of stock, certificates of membership, or notification of credit to a member’s capital or ownership account.