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§ 5-5A-13. 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 5a. Maryland Consumer Cooperative Act
MD Code, Corporations and Associations, § 5-5A-13
§ 5-5A-13. Election and term of directors
Board of directors before election
(a) Until the first annual meeting of members and until successors are elected and qualified, the board of directors shall consist of:
(1) Individuals named as directors in the articles; or
(2) If no directors are named, the incorporators.
Election procedures
(b)(1) The directors shall be elected by the members or by delegates of the members.
(2) Unless the bylaws provide otherwise, the directors shall be elected at the first annual membership meeting and at each subsequent annual membership meeting, and shall hold office until the next annual membership meeting and until their successors are elected and qualified.
(3) The bylaws may provide for staggered terms of directors and delegates.

Credits

Added by Acts 1985, c. 739.
MD Code, Corporations and Associations, § 5-5A-13, MD CORP & ASSNS § 5-5A-13
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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