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2021 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 5 - Agricultural Cooperatives
Section 5-513 - Original Directors; Election and Term of Successors
Universal Citation:
MD Corporations and Associations Code Ann. § 5-513 (2021)
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This media-neutral citation is based
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(a) Until the first annual meeting of members and until successors are elected and qualify, the board of directors consists of:
(1) The individuals named as directors in the charter; or
(2) If no directors are named, the incorporators.
(b) (1) The directors shall be elected by the members.
(2) Unless the bylaws provide otherwise, the directors shall be elected at the first annual meeting of members and at each subsequent annual meeting and shall hold office until the next annual meeting and until their successors are elected and qualify.
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