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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 3-410 - Quorum of directors


MD Fin Inst Code § 3-410 (2013) What's This?

§3-410.

(a) A majority of the directors of a State bank then serving is a quorum.

(b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.

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