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§ 5-618. Meetings of members -- Quorum

MD Corp & Assn Code § 5-618 (2019) (N/A)
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(a)    Unless the bylaws require the presence of a greater percentage or number of the members for a quorum, a quorum for the transaction of business at all meetings of the members of a cooperative shall be:

(1)    5% of all members, present in person, of a cooperative that has not more than 1,000 members; and

(2)    Fifty members, present in person, of a cooperative that has more than 1,000 members.

(b)    If less than a quorum is present at any meeting, a majority of those present in person may adjourn the meeting from time to time without further notice.

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