§ 4-505. Directors
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 4-505
§ 4-505. Directors
(a) Until successors are elected and qualify, the board of directors of a savings bank consists of the individuals named as directors in the articles of incorporation.
(b)(1) Except as provided in paragraph (2) of this subsection, at each annual meeting of the members of a savings bank or the stockholders of a subsidiary savings bank, the members or stockholders shall elect directors to hold office until the next annual meeting and until their successors are elected and qualify.
Credits
Added by Acts 1999, c. 523, § 1, eff. Oct. 1, 1999.
MD Code, Financial Institutions, § 4-505, MD FIN INST § 4-505
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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