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§ 5-513. Election and term of directors

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 5. Agricultural Cooperatives
MD Code, Corporations and Associations, § 5-513
§ 5-513. Election and term of directors
Currentness
Constitution of board
(a) Until the first annual meeting of members and until successors are elected and qualify, the board of directors consists of:
(1) The individuals named as directors in the charter; or
(2) If no directors are named, the incorporators.
Elections
(b)(1) The directors shall be elected by the members.
(2) Unless the bylaws provide otherwise, the directors shall be elected at the first annual meeting of members and at each subsequent annual meeting and shall hold office until the next annual meeting and until their successors are elected and qualify.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 360.
MD Code, Corporations and Associations, § 5-513, MD CORP & ASSNS § 5-513
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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