Section 5-524 - Transactions with other cooperatives. - Maryland Statutes

§ 5-524. Transactions with other cooperatives.
 

(a)  Agreements with other cooperatives.- The board of directors of a cooperative by resolution may authorize the cooperative to enter into agreements for conducting its business with any other Maryland or foreign cooperative, association, or corporation formed on a cooperative basis. 

(b)  Use of same business methods.- These cooperatives, associations, and corporations may agree to unite in using or may separately use the same methods, means, and agencies for conducting their respective business. 

(c)  Marketing agencies.- These cooperatives, associations, and corporations may use common marketing agencies and their members may make any necessary agreements to effect these purposes. 
 

[An. Code 1957, art. 23, § 358; 1975, ch. 311, § 2.]