Current with changes from the 2024 Legislative Session
Section 5-510 - Use of term "cooperative" in corporate name(a) Except for an electric or transportation cooperative, a person may not use the term "cooperative" as part of his corporate or business name unless he has complied with the provisions of this subtitle.(b) A foreign corporation organized under and complying with the cooperative law of the place where it was organized may use the term "cooperative" in this State if it: (1) Complies with the laws of this State applicable to foreign corporations; and(2) Does business as a cooperative.(c) Every cooperative shall use the term "cooperative" as part of or affixed to its corporate name.