§ 5-206. Additional meeting
West's Annotated Code of MarylandCorporations and AssociationsEffective: April 13, 2021
Effective: April 13, 2021
MD Code, Corporations and Associations, § 5-206
§ 5-206. Additional meeting
(a) If the number of members present at a properly called meeting of the members of a nonstock corporation is insufficient to approve a proposed action, another meeting of the members may be called for the same purpose if:
(b) Fifteen days' notice of the time, place, and purpose of the additional meeting shall be given by advertisement in a newspaper published in the county where the principal office of the corporation is located. The notice shall contain the quorum and voting provisions of subsection (c) of this section.
(c) At the additional meeting, the members present in person or by proxy constitute a quorum. A majority of the members present in person or by proxy may approve or authorize the proposed action at the additional meeting and may take any other action which could have been taken at the original meeting if a sufficient number of members had been present.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2021, c. 109, § 1, eff. April 13, 2021.
Formerly Art. 23, § 135.
MD Code, Corporations and Associations, § 5-206, MD CORP & ASSNS § 5-206
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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