§ 4A-12A-14
257 words·~1 min read·
/md/corporations-and-associations/4a-12a-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4A–12A–14. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(1)A special meeting of the assembly may be called only:
(i)As provided for in the cooperative agreement;
(ii)By a majority of votes of the board of representatives on a proposal stating the purpose of the special meeting; or
(iii)By demand in a record signed by members holding at least 20% of the voting power of the persons entitled to vote on the matter that is the purpose of the special meeting.
(2)A demand under paragraph (1)(iii) of this subsection shall be submitted to:
(i)The officer of the limited worker cooperative association charged with keeping the records of the association; or
(ii)If no officer has been charged with keeping the records of the association, a representative.
(3)Any voting member may withdraw the member’s demand under paragraph (1)(iii) of this subsection before receipt by the limited worker cooperative association of demands sufficient to require a special meeting of the assembly.
(b)Except as otherwise provided in the cooperative agreement, members may attend or conduct the special assembly meeting through any means of communication if all members attending the meeting are able to communicate with each other during the meeting.
(c)Only business within the purposes stated in the notice of special meeting may be conducted at the meeting.
(d)Except as otherwise provided in the cooperative agreement, the presiding officer of a special meeting shall be designated by the board of representatives.