§ 5-636

Maryland § 5-636

• Jurisdiction: Maryland
• Article gca: Corporations and Associations
• Title: 5

Text

(a) Subject to subsection (b) of this section, within 180 days after providing a certification to the Commission under § 5–635(h) of this subtitle, the cooperative’s board of directors, by a supermajority vote, shall:

(1) Adopt bylaws for the member–regulated cooperative; and

(2) Amend the cooperative’s articles of incorporation to reflect the cooperative’s conversion to being a member–regulated cooperative.

(b) The bylaws and amended articles of incorporation shall:

(1) Authorize the member–regulated cooperative to provide broadband Internet service;

(2) Establish a plan for making broadband Internet service available to members in a manner that maximizes deployment with available financial resources;

(3) Include an allocation method in accordance with § 5–607(c) of this subtitle to ensure that electric customers do not subsidize the cost of broadband Internet service; and

(4) Except as provided in § 5–637(a)(2) of this subtitle, be consistent with this subtitle.