Md. Code, Corporations and Associations § 5–611
Where this section sits in the code
- Article - Corporations and Associations
(a) The board of directors shall adopt the initial bylaws of a cooperative after an incorporation, conversion, merger, or consolidation.
(b) After adoption of the initial bylaws, the members shall adopt, amend, or repeal the bylaws by the affirmative vote of a majority of the members voting on the matter at a meeting of the members.
(c) The bylaws:
(1) Shall state the rights and duties of members and directors; and
(2) May contain other provisions for the regulation and management of the affairs of the cooperative that are consistent with this subtitle and the articles of incorporation.
Collected 2026-09-14T19:56:43Z. Source file · JSON