Maryland Statutes

§ 6-326

Maryland·Article gfi Financial Institutions·Title 6
(a)The office of a director becomes vacant if the director:
(1)Dies;
(2)Resigns; or
(3)Is removed.
(b)A director may be removed from office:
(1)By the board, in accordance with the bylaws, if the director:
(i)Does not possess or maintain the qualifications required to serve on the board; or
(ii)Is absent from three consecutive regular meetings of the board unless excused; or
(2)By the members.
(c)(1) Unless the bylaws provide otherwise, the remaining directors by majority vote shall fill a vacancy.
(2)A director elected by the board to fill a vacancy holds office as the bylaws provide.

Free access — add to your briefcase to read the full text and ask questions with AI

Maryland § 6-326 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
§ 6-101
§ 6-101
§ 6-201
§ 6-201
§ 6-202
§ 6-202
§ 6-203
§ 6-203
§ 6-204
§ 6-204
§ 6-205
§ 6-205
§ 6-206
§ 6-206
§ 6-301
§ 6-301
§ 6-302
§ 6-302
§ 6-303
§ 6-303
§ 6-304
§ 6-304
§ 6-305
§ 6-305
§ 6-306
§ 6-306
§ 6-307
§ 6-307
§ 6-308
§ 6-308
View on official source ↗