2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-205 - When membership reduced by death or resignation
(a) A nonstock corporation is not required to dissolve merely because the death or resignation of a member reduces the actual number of members to less than required by its charter or bylaws.
(b) As long as there is a remaining member, he may fill vacancies and continue the corporate existence.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.