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§ 6-327. Powers and duties of director emeritus

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 6. Credit Unions (Refs & Annos)
Subtitle 3. Formation, Organization, and Powers (Refs & Annos)
Part IV. Officials and Officers
MD Code, Financial Institutions, § 6-327
§ 6-327. Powers and duties of director emeritus
Currentness
In general
(a) If the bylaws provide, a director emeritus may advise and consult with the board and aid the board in carrying out the board's duties and responsibilities.
Contents of bylaws
(b) The bylaws shall provide for:
(1) The number of directors emeriti; and
(2) The qualifications for a director emeritus.
Director emeritus requirements
(c) A director emeritus:
(1) Shall be a member of the credit union; and
(2) May not be an officer or an official.
Restrictions relating to participation in deliberations and voting
(d) A director emeritus may not:
(1) Participate in any board or committee deliberations;
(2) Make motions; or
(3) Vote on any matter before the board.

Credits

Added by Acts 2001, c. 147, § 1, eff. Oct. 1, 2001; Acts 2001, c. 148, § 1, eff. Oct. 1, 2001.
MD Code, Financial Institutions, § 6-327, MD FIN INST § 6-327
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.
End of Document