SB0511 — Corporations and Associations - Cooperative Limited Equity Housing Corporations - Establishment
Current Maryland law allows nonstock corporations to merge or consolidate only with other nonstock corporations and limits their conversions to certain foreign nonstock entities. This bill amends that to let them also merge with or convert into a new type of entity called a cooperative limited equit
- Sponsor: Senator Smith
- Status: in_committee
- Session: 2026-regular
- State: Maryland
- Chamber: senate