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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) If a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board shall fill the vacancy by majority vote.
(b) If the bylaws provide for an election of directors by districts, a replacement director shall represent the district for which the vacancy has occurred.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-515 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-515/
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