§ 5-601
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/md/corporations-and-associations/5-601·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–601.
(a)In this subtitle the following words have the meanings indicated.
(b)“Commission” means the Public Service Commission.
(c)“Cooperative” means a corporation that:
(1)Is organized under this subtitle; or
(2)Becomes subject to this subtitle in the manner provided in this subtitle.
(d)“Electric plant” means the material, equipment, and property owned by a cooperative and used or to be used for or in connection with electric service.
(e)“Member” means a person or household that has been qualified and accepted for membership in a cooperative in accordance with its bylaws.
(f)“Member–regulated cooperative” means a cooperative:
(1)That provides retail electric service to its members on the Eastern Shore of Maryland; and
(2)Whose board of directors has passed a binding resolution to operate as a member–regulated cooperative.
(1)“Person” has the meaning stated in § 1–101 of this article.
(2)“Person” includes:
(i)The State;
(ii)A county, municipal corporation, or other political subdivision of the State; and
(iii)A unit of federal, State, or local government.