Maryland § 5-622
Full text of Maryland Maryland Code § 5-622, with citation guidance and answers to common questions.
§ 5-622.
(a) (1) The business of a cooperative shall be managed by a board of directors.
(2) Each cooperative shall have at least five directors.
(b) Each director shall be a member of the cooperative or of a member cooperative.
(c) (1) The bylaws shall establish:
(i) The number of directors;
(ii) The qualifications of directors other than the qualifications required under this subtitle;
(iii) The manner of holding meetings of the board of directors; and
(iv) The manner of electing successors to directors who resign, die, or are otherwise incapable of acting.
(2) The bylaws may provide for the removal of directors from office and for the election of their successors.
(d) If a husband and wife hold a joint membership in a cooperative, either one, but not both, may be elected a director.
(e) A majority of the board of directors is a quorum.
(f) (1) A director may not receive a salary for serving as a director.
(2) Except in emergencies, a director may not be employed by the cooperative in any capacity involving compensation without the approval of the members.
(3) The bylaws may authorize a fixed fee and expenses to be paid to each director for attending a meeting of the board of directors.
(g) The board of directors may exercise all of the powers of a cooperative not conferred on the members by this subtitle or the cooperative’s articles of incorporation or bylaws.
Frequently Asked Questions About Maryland § 5-622
What does Maryland Code § 5-622 cover?
Section 5-622 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 § 5-622?
A common citation format is "Maryland Code § 5-622" (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 § 5-622 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.