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Code · Maryland · Corporations and Associations

§ 4A-12A-12

103 words·~1 min read·/md/corporations-and-associations/4a-12a-12·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§4A–12A–12. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a)A limited worker cooperative association shall have an assembly as constituted by the body of all voting members.
(b)An individual is not an agent of a limited worker cooperative association solely by being a member of the assembly.
(c)A debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not a debt, an obligation, or a liability of a member of the assembly solely by reason of being a voting member.
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