Maryland Statutes

§ 5-532

Maryland·Article gca Corporations and Associations·Title 5
(a)(1) Any person who violates the provisions of § 5-510 (a) or (b) of this subtitle which restrict the use of the term “cooperative” is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $500 or imprisonment not exceeding six months or both.
(2)Any corporation which violates the provisions of § 5-510 (a) or (b) of this subtitle shall have its right to do business in the State revoked in a proceeding brought in the circuit court of the county where its office is located.
(b)Any cooperative which violates any provision of this subtitle or of the Maryland General Corporation Law applicable to cooperatives shall have its right to do business in this State revoked in a proceeding brought in the circuit court of the county where its office

Free access — add to your briefcase to read the full text and ask questions with AI

Maryland § 5-532 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
§ 5-101
§ 5-101
§ 5-102
§ 5-102
§ 5-103
§ 5-103
§ 5-104
§ 5-104
§ 5-105
§ 5-105
§ 5-106
§ 5-106
§ 5-107
§ 5-107
§ 5-108
§ 5-108
§ 5-109
§ 5-109
§ 5-110
§ 5-110
§ 5-111
§ 5-111
§ 5-112
§ 5-112
§ 5-113
§ 5-113
§ 5-114
§ 5-114
§ 5-115
§ 5-115
View on official source ↗