§ 4A-12A-04

§4A–12A–04. NOT IN EFFECT

** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **

(a) A limited liability company may elect to be a limited worker cooperative association under this subtitle by including in its articles of organization a statement that the limited liability company is a limited worker cooperative association.

(b) A limited liability company that has elected to be a limited worker cooperative association may further elect to be a collective worker cooperative by including in its articles of organization a statement that it is a collective worker cooperative.

(c) Unless the limited worker cooperative association has elected to be a collective worker cooperative, the articles of organization of a limited worker cooperative association shall include the names of those individuals who will serve as representatives until their successors are elected and qualify.

(d) The name of a limited worker cooperative association shall comply with the requirements of Title 1, Subtitle 5 of this article.