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§ 5-515. Filling of vacancies on board

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, § 5-515
§ 5-515. Filling of vacancies on board
Currentness
Vacancies
(a) If a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board shall fill the vacancy by majority vote.
Replacement director
(b) If the bylaws provide for an election of directors by districts, a replacement director shall represent the district for which the vacancy has occurred.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 360.
MD Code, Corporations and Associations, § 5-515, MD CORP & ASSNS § 5-515
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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