Maryland Statutes
§ 3-409
Maryland § 3-409
This text of Maryland § 3-409 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Financial Institutions § 3-409 (2026).
Text
(a)Within 15 days after the annual meeting of the stockholders and after the directors–elect have qualified, the board of directors of a commercial bank shall meet and elect the officers of the commercial bank.
(b)Unless the bylaws provide otherwise, each officer serves for a term of 1 year and until a successor is elected and qualifies.
(c)The board of directors may remove any officer at any time.
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Bluebook (online)
Maryland § 3-409, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/3-409.