Maryland Statutes
§ 4-507
Maryland § 4-507
This text of Maryland § 4-507 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 § 4-507 (2026).
Text
(a)Each director of a savings bank shall attend at least one half of the regularly scheduled board meetings that are held during the director’s term of office.
(b)(1) Any director who fails to attend meetings of the board of directors as required by this section is disqualified automatically from serving as director for a succeeding term.
(2)The Commissioner may waive the disqualification of a director if the director shows to the Commissioner good cause for the failure to attend the meetings.
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Bluebook (online)
Maryland § 4-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gfi/4-507.