§ 5-5A-12
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/md/corporations-and-associations/5-5a-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–5A–12.
(a)The business and affairs of a cooperative shall be managed under the direction of a board of directors. Every cooperative shall have at least 5 directors.
(b)Except in the case of foreign cooperatives, at least 2 of the directors shall be residents of this State.
(c)Each director shall be a member of the cooperative or of a member cooperative.