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Maryland Code, Financial Institutions § 3-408

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

(a) A majority of the directors of a State bank then serving is a quorum.

(b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.

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Cite this article: FindLaw.com - Maryland Code, Financial Institutions § 3-408 - last updated January 01, 2025 | https://codes.findlaw.com/md/financial-institutions/md-code-fin-inst-sect-3-408/

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