{"data":{"id":"us-md/md.-code-corporations-and-associations-5-5a-28","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–5A–28","heading":"","body":"Cooperative stock, membership interest, or other evidence of membership capital is not a security under the Maryland Securities Act or any law related to that Act.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-5A-28","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"5212de059e5e4092e686ff0f148e8dbaf83315d40caf9d6ea0973bb9b9f79eaa","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-5a-27","next":"us-md/md.-code-corporations-and-associations-5-5a-29"},"notice":"GroundRules: Original legal text. Not legal advice."}