§ 4A-12A-08

Md. Code, Corporations and Associations § 4A-12A-08, under Article — Corporations and Associations.

Md. Code, Corporations and Associations § 4A-12A-08

[NOT IN EFFECT] ** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **

(a) Subject to subsection (b) of this section, a limited worker cooperative association may terminate its status as a limited worker cooperative association by amending its articles of organization to delete the statements required by § 4A-12A- 04 of this subtitle.

(b) Any termination of a limited worker cooperative association’s status shall be subject to the approval of two-thirds of the voting power of worker members and two-thirds of all members entitled to vote on the matter.