Maryland § 5-643
Full text of Maryland Maryland Code § 5-643, with citation guidance and answers to common questions.
§ 5-643.
(a) (1) A member–regulated cooperative shall hold an election to revert to a cooperative on:
(i) A majority vote of the board of directors; or
(ii) Receipt by the board of directors of a petition signed by at least 1,000 members.
(2) A member–regulated cooperative may hold an election to revert to a cooperative only once every 12 months.
(b) (1) A vote to revert to a cooperative shall be held in accordance with § 5–635 of this subtitle.
(2) Within 5 days after an affirmative vote to revert to a cooperative, the member–regulated cooperative shall file a declaration with the Commission stating that it has reverted to a cooperative.
(c) (1) The Commission shall have jurisdiction over a member–regulated cooperative that has elected to revert to a cooperative on issuance of an order by the Commission.
(2) The Commission shall issue the order under paragraph (1) of this subsection within 180 days after the filing of a declaration under subsection (b)(2) of this section.
Frequently Asked Questions About Maryland § 5-643
What does Maryland Code § 5-643 cover?
Section 5-643 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 § 5-643?
A common citation format is "Maryland Code § 5-643" (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 § 5-643 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.