§ 6-327

Maryland § 6-327

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 6

Text

(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.

(b) The bylaws shall provide for:

(1) The number of directors emeriti; and

(2) The qualifications for a director emeritus.

(c) A director emeritus:

(1) Shall be a member of the credit union; and

(2) May not be an officer or an official.

(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.