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§ 8-805. Board of directors; chief financial officer

West's Annotated Code of MarylandHuman ServicesEffective: October 1, 2007

West's Annotated Code of Maryland
Human Services (Refs & Annos)
Title 8. Children, Youth, and Families (Refs & Annos)
Subtitle 8. Residential Child Care Programs--Corporate Responsibility and Governance (Refs & Annos)
Effective: October 1, 2007
MD Code, Human Services, § 8-805
§ 8-805. Board of directors; chief financial officer
Currentness
Minimum size of board; qualifications of members
(a)(1) A corporation shall have a board of directors that consists of at least five individuals with an interest in or knowledge of the needs of children and their families.
(2) Of the members of the board of directors:
(i) at least one shall be a resident of the State;
(ii) at least one shall have demonstrated experience in or knowledge of the field of human services; and
(iii) at least one shall have demonstrated knowledge in the fields of accounting, business, or financial management.
(3)(i) An employee, or an immediate family member of an employee, of a corporation or residential child care program may not serve on the corporation's board of directors.
(ii) A person who is compensated by a corporation for providing goods or services may not serve on the corporation's board of directors.
Chief financial officer
(b) A corporation shall have a chief financial officer.

Credits

Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007.
MD Code, Human Services, § 8-805, MD HUMAN SERV § 8-805
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.
End of Document