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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-513 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-513/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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