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Maryland Code, Corporations and Associations § 2-413

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Unless the bylaws provide otherwise, the board of directors shall elect the officers.

(b) Unless the bylaws provide otherwise, an officer serves for one year and until his successor is elected and qualifies.

(c)(1) The board of directors may remove any officer or agent of the corporation.

(2) The removal of an officer or agent does not prejudice any of his contract rights.

(d) Unless the bylaws provide otherwise, the board of directors may fill a vacancy which occurs in any office.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 2-413 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-2-413/

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