Maryland § 5-631
Full text of Maryland Maryland Code § 5-631, with citation guidance and answers to common questions.
§ 5-631.
(a) A cooperative that has not begun doing business may be dissolved by filing articles of dissolution for record with the Department.
(b) The articles of dissolution shall be signed and acknowledged for the cooperative by a majority of the incorporators of the cooperative.
(c) The articles of dissolution shall contain:
(1) The name of the cooperative and the address of its principal office; and
(2) A statement that:
(i) The cooperative has not begun doing business;
(ii) Any money received by the cooperative, less any disbursements for expenses of the cooperative, has been returned or paid to the persons entitled to the money;
(iii) All debts of the cooperative have been paid; and
(iv) A majority of the incorporators of the cooperative elect that the cooperative be dissolved.
Frequently Asked Questions About Maryland § 5-631
What does Maryland Code § 5-631 cover?
Section 5-631 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 § 5-631?
A common citation format is "Maryland Code § 5-631" (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 § 5-631 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.