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Statutes Text

Article - Corporations and Associations




§5–510.

    (a)    Except for an electric or transportation cooperative, a person may not use the term “cooperative” as part of his corporate or business name unless he has complied with the provisions of this subtitle.

    (b)    A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term “cooperative” in this State if it:

        (1)    Complies with the laws of this State applicable to foreign corporations; and

        (2)    Does business as a cooperative.

    (c)    Every cooperative shall use the term “cooperative” as part of or affixed to its corporate name.



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