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Statutes Text

Article - Corporations and Associations




§5–601.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Cooperative” means a corporation that:

        (1)    Is organized under this subtitle; or

        (2)    Becomes subject to this subtitle in the manner provided in this subtitle.

    (c)    “Electric plant” means the material, equipment, and property owned by a cooperative and used or to be used for or in connection with electric service.

    (d)    “Member” means a person or household that has been qualified and accepted for membership in a cooperative in accordance with its bylaws.

    (e)    (1)    “Person” has the meaning stated in § 1-101 of this article.

        (2)    “Person” includes:

            (i)    The State;

            (ii)    A county, municipal corporation, or other political subdivision of the State; and

            (iii)    A unit of federal, State, or local government.