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§ 2-403. Requisite qualifications of directors

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2014

West's Annotated Code of Maryland
Corporations and Associations
Title 2. Corporations in General--Formation, Organization, and Operation (Refs & Annos)
Subtitle 4. Directors and Officers (Refs & Annos)
Effective: October 1, 2014
MD Code, Corporations and Associations, § 2-403
§ 2-403. Requisite qualifications of directors
Currentness
Qualifications
(a) Each director and each nominee for director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.
Stockholder
(b) Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2014, c. 550, § 1, eff. Oct. 1, 2014; Acts 2014, c. 551, § 1, eff. Oct. 1, 2014.
Formerly Art. 23, § 52.
MD Code, Corporations and Associations, § 2-403, MD CORP & ASSNS § 2-403
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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