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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-407 - Additional directorships


MD Fin Inst Code § 3-407 (2013) What's This?

§3-407.

(a) Subject to the limitation in § 3-402 of this subtitle, at any meeting of the stockholders of a commercial bank, the stockholders may create up to two additional directorships.

(b) The stockholders may leave the two additional directorships vacant, to be filled in the discretion of the board of directors.

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