2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-204 - Directors as members
§5-204.
(a) For purposes of any law or rule relating to members of a nonstock corporation, the directors of a nonstock corporation, under either of the circumstances described in subsection (b) of this section:
(1) Also constitute the members of the corporation; and
(2) When meeting as directors, may exercise the rights and powers of members.
(b) This section applies if:
(1) Neither the charter nor the bylaws of the corporation provide for members; or
(2) The nonstock corporation in fact has no members.
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