Maryland Financial Institutions Section 7-108

Article - Financial Institutions

§ 7-108.

      (a)      In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.

      (b)      A delegate may not vote on behalf of more than one member.

      (c)      A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.



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