Maryland § 5-503
Full text of Maryland Maryland Code § 5-503, with citation guidance and answers to common questions.
§ 5-503.
(a) A cooperative may be organized by:
(1) Five or more adult individuals acting as incorporators, at least two of whom are residents of the State and each of whom is engaged in:
(i) The production of agricultural products as a farmer, planter, rancher, dairyman, bee keeper, or nut or fruit grower; or
(ii) The catching, taking, harvesting, cultivating, farming, propagating, processing, marketing, or distributing of fishery products, including fish, shellfish, crustacea, seaweed, and other aquatic forms of animal and vegetable life or their products or by-products; or
(2) Two or more cooperatives acting as incorporators.
(b) The cooperative may be organized with or without capital stock for any of the purposes enumerated in this subtitle.
Frequently Asked Questions About Maryland § 5-503
What does Maryland Code § 5-503 cover?
Section 5-503 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-503?
A common citation format is "Maryland Code § 5-503" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.