Maryland Statutes
§ 5-516
Maryland § 5-516
This text of Maryland § 5-516 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Corporations and Associations § 5-516 (2026).
Text
(a)A cooperative may provide a fair remuneration for the time its officers and directors spend in its service.
(b)During his term of office, a director may not be a party to a contract for profit with the cooperative if the contract differs in any way from the business relations with the cooperative accorded its other members.
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Bluebook (online)
Maryland § 5-516, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gca/5-516.