Maryland § 5-526
Full text of Maryland Maryland Code § 5-526, with citation guidance and answers to common questions.
§ 5-526.
(a) (1) A cooperative may operate as an agent to sell the products of its members or nonmember patrons on a nonprofit basis by contracting to pay the members or nonmember patrons the resale price for products sold by them to or through the cooperative, less a uniform charge to cover the expenses involved in the handling of these products.
(2) The resale price shall be:
(i) The actual resale price; or
(ii) A price based on the average price during any period for products of the same type and quality.
(3) The uniform charge for expenses shall be:
(i) Specified in the contract;
(ii) Made otherwise ascertainable; or
(iii) Left for determination by the directors.
(b) A cooperative desiring to purchase goods or obtain or perform services under this subtitle may operate on a nonprofit basis in a manner similar to that described in this section.
Frequently Asked Questions About Maryland § 5-526
What does Maryland Code § 5-526 cover?
Section 5-526 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 § 5-526?
A common citation format is "Maryland Code § 5-526" (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 § 5-526 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.