§ 4A-12A-10
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/md/corporations-and-associations/4a-12a-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4A–12A–10. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a)A limited worker cooperative association may include multiple classes of members whose rights and membership interests shall be determined by the cooperative agreement.
(b)To begin business, a limited worker cooperative association must have at least three worker members unless the sole member is a limited worker cooperative association.
(c)A person becomes a member of a limited worker cooperative association:
(1)As provided in the articles of organization or cooperative agreement;
(2)As the result of a merger under Subtitle 7 of this title;
(3)As a result of a conversion under this article, in which another entity elects to be a limited worker cooperative association under this subtitle; or
(4)With the consent of all of the worker members.
(d)A member may not act for or bind the limited worker cooperative association solely by reason of being a member.
(e)Unless the articles of organization provide otherwise, a debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not the debt, obligation, or liability of a member.
(1)The organization of a limited worker cooperative association under this subtitle does not create a presumption that worker members are employees of the association for any purpose.
(2)If a limited worker cooperative association is taxed as a partnership for federal and State income tax purposes, that fact may not be construed to require that a worker member be considered an employee under any State law.