Section 5-502 - Purposes of incorporation. - Maryland Statutes

§ 5-502. Purposes of incorporation.
 

A cooperative may be incorporated for any combination of the following purposes: 

(1) Collectively to produce, process, prepare for market, handle, store, and market the products of persons engaged in the production of agricultural or fishery products; 

(2) To act as a selling or buying agent for its members; and 

(3) To purchase or otherwise acquire goods or services for its members. 
 

[An. Code 1957, art. 23, § 351; 1975, ch. 311, § 2.]