2010 Maryland Code
CORPORATIONS AND ASSOCIATIONS
TITLE 2 - CORPORATIONS IN GENERAL - FORMATION, ORGANIZATION, AND OPERATION
Subtitle 4 - Directors and Officers
Section 2-403 - Qualifications of directors.
§ 2-403. Qualifications of directors.
(a) In general.- Each director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.
(b) Director need not own stock.- Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.
[An. Code 1957, art. 23, § 52; 1975, ch. 311, § 2.]
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