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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-411 - Officers


MD Fin Inst Code § 3-411 (2013) What's This?

§3-411.

(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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