§ 4A-12A-16
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/md/corporations-and-associations/4a-12a-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4A–12A–16. NOT IN EFFECT
** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **
(a)This section does not apply to a collective worker cooperative.
(b)A limited worker cooperative association shall have a board of representatives consisting of at least three individuals.
(1)The affairs of a limited worker cooperative association shall be managed by the board of representatives or individuals to whom the board delegates such duties.
(2)The board of representatives may adopt policies and procedures consistent with the articles of organization, the cooperative agreement, or this title.
(d)An individual is not an agent of a limited worker cooperative association solely by being a representative.
(e)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 representative solely by reason of being a representative.
(f)Representatives shall be elected for terms determined by the cooperative agreement.