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§ 5-204. Directors' status as members

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 2. Nonstock Corporations
MD Code, Corporations and Associations, § 5-204
§ 5-204. Directors' status as members
Currentness
Status
(a) For purposes of any law or rule relating to members of a nonstock corporation, the directors of a nonstock corporation, under either of the circumstances described in subsection (b) of this section:
(1) Also constitute the members of the corporation; and
(2) When meeting as directors, may exercise the rights and powers of members.
When section applicable
(b) This section applies if:
(1) Neither the charter nor the bylaws of the corporation provide for members; or
(2) The nonstock corporation in fact has no members.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1981, c. 318.
Formerly Art. 23, § 134.
MD Code, Corporations and Associations, § 5-204, MD CORP & ASSNS § 5-204
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