State Codes and Statutes
Statutes > Maryland > Corporations-and-associations > Title-5 > Subtitle-5 > 5-502§ 5-502. Purposes of incorporation.
A cooperative may be incorporated for any combination of the following purposes:
(1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products;
(2) To act as a selling or buying agent for its members; and
(3) To purchase or otherwise acquire goods or services for its members.
[An. Code 1957, art. 23, § 351; 1975, ch. 311, § 2.]
