§ 5-512
54 words·~1 min read·
/md/corporations-and-associations/5-512·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–512.
(a)The business and affairs of a cooperative shall be managed under the direction of a board of directors.
(b)Every cooperative shall have at least five directors, at least two of whom are residents of the State and each of whom is a member of the cooperative or of a member cooperative.