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2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 7-108 - Membership -- Voting by members


MD Fin Inst Code § 7-108 (2013) What's This?

§7-108.

(a) In the election of directors and in voting on any other matter at a meeting of the members of the Corporation, each member has one vote, to be cast by its delegate.

(b) A delegate may not vote on behalf of more than one member.

(c) A majority of the votes cast is sufficient to elect directors or decide any questions voted on by the members.

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