2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 13-1105 - Quorum; required vote; meetings; compensation


MD Fin Inst Code § 13-1105 (2013) What's This?

§13-1105.

(a) Nine voting members of the Authority are a quorum.

(b) An action of the Authority must receive the affirmative vote of at least a majority of the voting members of the Authority.

(c) The Authority shall determine the times and places of its meetings.

(d) A member of the Authority:

(1) May not receive compensation; but

(2) Is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.

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